Declared Dividend • Jun 11
Dividend of €1.20 announced Shareholders will receive a dividend of €1.20. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.7% over the next 3 years. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • May 20
Dividend of €1.20 announced Shareholders will receive a dividend of €1.20. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 20
ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million. ACEA S.p.A. has filed a Follow-on Equity Offering in the amount of €195.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 8,500,000
Price\Range: €23 Announcement • Mar 18
ACEA S.p.A. announces Annual dividend, payable on June 24, 2026 ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026. Announcement • Feb 03
ACEA S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026 ACEA S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026 Announcement • Mar 19
ACEA S.p.A., Annual General Meeting, Apr 28, 2025 ACEA S.p.A., Annual General Meeting, Apr 28, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 14
ACEA S.p.A. announces Annual dividend, payable on June 25, 2025 ACEA S.p.A. announced Annual dividend of EUR 0.9500 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. Board Change • Jun 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Massimiliano Capece del Sasso is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Alessandro Caltagirone was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Jun 12
Upcoming dividend of €0.85 per share at 6.1% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.8%). In line with average of industry peers (5.7%). Board Change • Apr 22
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Chairwoman Barbara Marinali was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: €1.32 (vs €1.47 in FY 2021) Full year 2022 results: EPS: €1.32 (down from €1.47 in FY 2021). Revenue: €5.05b (up 31% from FY 2021). Net income: €279.7m (down 11% from FY 2021). Profit margin: 5.5% (down from 8.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jan 24
ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA. ACEA S.p.A. (BIT:ACE) acquired remaining 35% stake in Deco SpA on January 23, 2023.ACEA S.p.A. (BIT:ACE) completed the acquisition of remaining 35% stake in Deco SpA on January 23, 2023. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: €0.39 (vs €0.35 in 2Q 2021) Second quarter 2022 results: EPS: €0.39 (up from €0.35 in 2Q 2021). Revenue: €1.18b (up 38% from 2Q 2021). Net income: €83.6m (up 13% from 2Q 2021). Profit margin: 7.1% (down from 8.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.0% compared to a 5.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: €0.47 (vs €0.43 in 1Q 2021) First quarter 2022 results: EPS: €0.47 (up from €0.43 in 1Q 2021). Revenue: €1.17b (up 30% from 1Q 2021). Net income: €99.4m (up 8.1% from 1Q 2021). Profit margin: 8.5% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 5.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.47 (up from €1.34 in FY 2020). Revenue: €3.97b (up 22% from FY 2020). Net income: €313.3m (up 10.0% from FY 2020). Profit margin: 7.9% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 9.7% while the industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Board Change • Mar 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS €0.39 (vs €0.35 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €978.8m (up 19% from 3Q 2020). Net income: €82.8m (up 10% from 3Q 2020). Profit margin: 8.5% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 07
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS €0.39 (vs €0.34 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €867.9m (up 18% from 2Q 2020). Net income: €82.7m (up 13% from 2Q 2020). Profit margin: 9.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 03
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Director Giuseppe Gola was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 16
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (4.0%). Reported Earnings • May 14
First quarter 2021 earnings released: EPS €0.39 (vs €0.33 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €930.0m (up 12% from 1Q 2020). Net income: €83.1m (up 18% from 1Q 2020). Profit margin: 8.9% (up from 8.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Mar 12
Full year 2020 earnings released The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €3.38b (up 11% from FY 2019). Net income: €284.9m (flat on FY 2019). Profit margin: 8.4% (down from 9.3% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue misses expectations Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.0%, compared to a 7.8% growth forecast for the Integrated Utilities industry in the United Kingdom. Is New 90 Day High Low • Dec 03
New 90-day low: €16.72 The company is down 2.0% from its price of €17.14 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.94 per share.