Energy supply: 60%
Water supply: 25%
Environmental and waste management: 15%

Italy: 80%
Spain: 10%
France: 5%

ACEA S.p.A. generates the majority of its revenues from energy supply, followed by water supply and environmental and waste management. The Italian market is by far the largest, followed by Spain and France. This distribution reflects the strong local presence and focus of the company on the domestic market while expanding its international activities.

Main production sites: Italy

ACEA S.p.A. is a leading utility company in Italy specializing in the areas of energy, water, and environment. The company primarily operates its production and service activities within Italy.

ACEA is known for its comprehensive services in water treatment and supply, energy generation and distribution, and waste management. The production sites and infrastructure are mainly located in urban and industrial regions of Italy to ensure the supply to the local population and businesses.

The company continuously invests in the modernization and efficiency improvement of its facilities to meet the growing demands for sustainability and environmental protection.

Strategy for Future Growth:

1. Investments in Renewable Energies: ACEA S.p.A. plans to expand its capacities in the field of renewable energies, particularly through investments in solar and wind energy projects. This is intended to strengthen the company's sustainability and reduce dependence on fossil fuels.

2. Digitalization and Innovation: The company is increasingly focusing on digitizing its services and infrastructure. This includes smart grid technologies and the implementation of IoT solutions to improve the efficiency and reliability of energy supply.

3. Expansion of Water Supply Services: ACEA S.p.A. aims to increase its market share in the water supply sector through strategic acquisitions and partnerships. This includes both national and international markets.

4. Sustainability Initiatives: Promoting sustainability and environmental responsibility is at the core of the company's strategy. ACEA S.p.A. is committed to reducing its CO2 emissions and integrating sustainable practices in all business areas.

This strategy reflects ACEA S.p.A.'s ambition to position itself as a leading company in the field of sustainable energy and water supply, while also focusing on technological innovations to secure future growth.

Main Imported Raw Materials/Supplies: Water treatment chemicals, energy (gas and electricity), infrastructure materials (e.g. pipes, cables)

Countries of Origin:

• Water Treatment Chemicals: Mainly from European countries such as Germany and France.
• Energy: Import of gas and electricity from neighboring countries like France, Switzerland, and Austria.
• Infrastructure Materials: Import of pipes and cables from China and Germany.

ACEA S.p.A. is a leading company in the energy and water supply sector in Italy. The company imports a variety of raw materials and supplies necessary for the operation and maintenance of its infrastructure.

The water treatment chemicals needed for water treatment and purification mainly come from European countries known for their chemical industry.

In the energy sector, ACEA imports both gas and electricity to ensure supply security. These imports mainly come from neighboring countries with well-developed energy infrastructures.

For the expansion and maintenance of supply networks, ACEA sources infrastructure materials such as pipes and cables from countries with strong production capacities in this field, including China and Germany.

Market share in Italy: Approximately 20% in the utilities sector (2024)
EBITDA margin: 30% (2024)
Investments in renewable energies: 500 million euros (2023-2025)

ACEA S.p.A. has a significant competitive advantage in the Italian utilities sector, particularly due to its strong market presence and the diversification of its services in the areas of water, energy, and environment. With a market share of around 20% in the Italian utilities sector, ACEA can rely on a solid customer base and stable revenues.

The EBITDA margin of 30% demonstrates an efficient cost structure and strong operational performance. This enables the company to remain profitable even in economically challenging times.

In addition, ACEA is heavily investing in renewable energies, which not only contributes to diversifying its sources of energy but also strengthens its position as a sustainability-oriented company. These investments support ACEA in aligning with future market trends and meeting regulatory requirements, further solidifying its competitive advantage.

Institutional Investor Share: approximately 45% (2025, estimated) Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share at ACEA S.p.A. is around 45%, indicating a solid trust from professional investors in the company. These investors typically value the stability and growth potential of the company.

In 2025, there were no significant insider transactions, suggesting that the management and other insiders do not currently anticipate major changes in the company's valuation. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of ACEA S.p.A.: Estimated 10% (2025)

Main competitors and their market shares:

1. Enel S.p.A. - 30%
2. Edison S.p.A. - 20%
3. A2A S.p.A. - 15%
4. Iren S.p.A. - 12%
5. ACEA S.p.A. - 10%
6. Hera S.p.A. - 8%
7. Sorgenia S.p.A. - 5%

ACEA S.p.A. is a significant player in the Italian utilities sector, especially in the energy and water areas. The market share of ACEA S.p.A. is around 10%, making the company an important but not dominant player.

The moat of ACEA S.p.A. mainly consists of its strong regional presence, particularly in Rome and its surroundings, as well as its diversification in various utility sectors. This diversification provides a certain level of stability and protection against market fluctuations.

In comparison to major competitors like Enel S.p.A., which have a significantly larger market share and a broader international presence, the moat of ACEA is less pronounced. Enel benefits from a strong global market position and extensive investments in renewable energies, providing a significant competitive advantage.

Edison S.p.A. and A2A S.p.A. also hold strong positions, particularly through their investments in innovative technologies and renewable energies, which strengthen their moats compared to ACEA. Overall, ACEA S.p.A. has a solid but not outstanding moat compared to its larger competitors.

Revenue Growth: 4.5% (2024) EBITDA Growth: 3.8% (2024) Net Income Growth: 2.9% (2024)

ACEA S.p.A. recorded a moderate revenue growth of 4.5% in 2024. This indicates that the company is able to increase its income despite a competitive market. The EBITDA growth of 3.8% suggests that ACEA can effectively manage its operating costs, leading to stable profitability.

The net income growth of 2.9% shows that the company remains profitable even after considering interest, taxes, and depreciation. This is a positive sign for ACEA's financial health.

ACEA S.p.A. operates in the utility sector, which is generally considered stable and less volatile. This could be attractive to investors looking for a defensive investment strategy. Furthermore, the increasing focus on sustainable energy sources and infrastructure projects could offer long-term growth opportunities.

Overall, ACEA S.p.A. appears to be a solid investment, especially for investors who value stability and moderate growth prospects.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Continuous payout over the last five years

ACEA S.p.A. is known for distributing dividends to its shareholders. The dividend yield for 2025 is estimated to be around 4.5%, based on current market conditions and the company's past payout policy.

Over the last five years, the company has demonstrated a reliable dividend history, indicating a stable financial performance and a sustainable dividend policy. This consistency in payouts makes ACEA S.p.A. an attractive option for income investors seeking stable dividend yields.