Operating figures, equity and financial results
Operating data
| U,M, | 2024 | 2023 | Change | Change % | |
|---|---|---|---|---|---|
| Electricity distributed | GWh | 9,240.4 | 9,049.9 | 190.5 | 2.1% |
| No. of customers | N/1,000 | 1,669 | 1,662 | 7 | 0.4% |
| Km of grid (MV/LV) | km | 32,404 | 32,144 | 260 | 0.8% |
| 2G metering groups | Number | 446,351 | 333,664 | 112,687 | 33.8% |
Economic and financial results
| € million | 2024 | 2023 | Change | Change % |
|---|---|---|---|---|
| Revenues | 709.8 | 628.4 | 81.4 | 13.0% |
| Costs | 276.1 | 253.0 | 23.1 | 9.1% |
| EBITDA | 433.7 | 375.4 | 58.3 | 15.5% |
| Operating profit/(loss) | 266.1 | 221.5 | 44.7 | 20.2% |
| Average workforce | 1,238 | 1,269 | (31) | (2.5%) |
| Capex | 315.7 | 299.6 | 16.2 | 5.4% |
Economic and financial results
| € million | 2024 | 2023 | Change | Change % |
|---|---|---|---|---|
| EBITDA Networks & Public Lighting segment | 433.7 | 375.4 | 58.3 | 15.5% |
| EBITDA – Group | 1,556.8 | 1,390.9 | 166.0 | 11.9% |
| Percentage | 27.9% | 27.0% | 0.9 p,p, |
The EBITDA for the segment at 31 December 2024 was €433.7 million, showing an increase of €58.3 million compared to 31 December 2023. At areti, the EBITDA increased by €59.8 million as a result of the growth in regulated tariffs (+€70.0 million), predominantly due to the effect of the positive changes to WACC and the deflator (+€58.1 million), as well as the increase to the value of the RAB (+€14.1 million), partly offset by the higher operating costs (+€6.7 million), mainly linked to staff costs, the lower revenue deriving from the resilience plan (-€4.9 million) and asset disposal costs (-€4.0 million).
As at 31 December 2024, areti had distributed 9,240 GWh of electricity to end customers, up compared to the previous year. EBITDA from public lighting, for the management of the public lighting service in the Municipality of Rome, recorded a deterioration of €1.5 million as a result of fewer extraordinary maintenance activities.
The average number of employees fell compared to the previous year by 31 units. Investments amounted to €315.7 million, an increase of €16.2 million compared to last year.
The investments refer for the most part to areti and are attributable to the expansion and upgrading of the HV, MV and LV grids, the mass replacement of 2G metering groups, work on the primary stations, secondary substations and meters, and remote control equipment as part of the grid “Adequacy and Safety” and “Innovation and Digitalisation” projects, all intended to improve the quality of the service and increase resilience. Intangible investments refer to projects for the re-engineering of information and commercial systems. The public lighting sector contributed for €1.8 million.