A2A S.p.A.

BIT:A2A Stock Report

Market Cap: €7.3b

A2A Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Renato Mazzoncini

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure6.3yrs
CEO ownershipn/a
Management average tenure5.8yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

Narrative Update • Jun 22

A2A: Stable Fundamentals And Dividend Commitment Will Support Forward Upside Potential

The latest narrative update on A2A reflects a modest reduction in the consensus analyst price target, with forecasts lowered by €0.20 as analysts factor in recent research that fine tunes their expectations for the stock. What's in the News No recent A2A specific news items were identified from the provided sources.
Narrative Update • Jun 07

A2A: Dividend Commitment And Stable Assumptions Will Support Forward Confidence

Analysts have trimmed their price target on A2A by €0.20, citing updated views on the company’s long term revenue trends and profit margins. What's in the News A2A S.p.A. announced an annual dividend of €0.1040 per share.
Narrative Update • May 24

A2A: Reset Assumptions And Dividend Outlook Will Support Forward Confidence

Analysts have reduced their price target on A2A by €0.20, reflecting updated assumptions around revenue growth, discount rates and profit margins following recent research. Analyst Commentary Analysts frame the €0.20 reduction in A2A's price target as a recalibration of expectations rather than a fundamental shift in the investment case, with views split between what could support value and what could weigh on it.
Narrative Update • Feb 10

A2A: Updated Assumptions And 2026 Board Calendar Will Shape Measured Outlook

Narrative Update Analysts have lifted their fair value estimate for A2A from €2.71 to €2.81, citing updated assumptions around revenue growth, discount rate and future P/E as the key drivers behind the new price target. What's in the News Board meeting scheduled for March 17, 2026, to approve the draft financial statements and the 2025 consolidated financial statements (Key Developments).
Narrative Update • Jan 25

A2A: Future Board Milestones And Stable Assumptions Will Support Measured Upside

Analysts have nudged their price target on A2A higher to €2.71 from €2.68, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News A2A has scheduled a board meeting on March 17, 2026 to approve the draft financial statements and the 2025 consolidated financial statements (company event calendar).
Narrative Update • Jan 09

A2A: Higher Revenue Outlook And Stable Risk Profile Will Support Measured Upside

Analysts have slightly raised their price target for A2A, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions in their updated models. What's in the News A board meeting is scheduled for March 17, 2026, to approve the draft financial statements and the 2025 consolidated financial statements (company event calendar).
Narrative Update • Dec 18

A2A: Improving Revenue Outlook Will Support Future Upside Despite Softer Margins

Analysts have nudged their price target on A2A slightly lower from €2.67 to €2.65. This reflects a modestly more cautious view on profit margins, even as revenue growth expectations improve.
Narrative Update • Dec 04

A2A: Stable Discount Rate And Margins Will Support Forward Momentum

Analysts have raised their price target on A2A from €2.67 to €2.80, citing improved visibility on stable discount rates and steady long term profit margins, despite modestly negative revenue growth expectations. Valuation Changes Fair Value: unchanged at approximately €2.67 per share, indicating no material revision to intrinsic value estimates.
Analysis Article • Dec 04

What Is A2A S.p.A.'s (BIT:A2A) Share Price Doing?

While A2A S.p.A. ( BIT:A2A ) might not have the largest market cap around , it saw significant share price movement...
Narrative Update • Nov 20

A2A: Revenue Outlook Will Drive Forward Momentum Despite Margin Squeeze

Analysts have raised their price target for A2A from €2.49 to €2.67. They cited improved projections for revenue growth, despite a slightly higher discount rate and a marginal decrease in profit margin expectations.
Analysis Article • Nov 08

A2A (BIT:A2A) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
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New Narrative • Nov 30

Hydropower Growth Powers Potential Amid Regulatory And Market Volatility Risks

Growth in EBITDA and net income, driven by renewable investments, suggests potential for increased earnings and stronger financial performance.

CEO Compensation Analysis

How has Renato Mazzoncini's remuneration changed compared to A2A's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

€687m

Mar 31 2026n/an/a

€712m

Dec 31 2025n/an/a

€750m

Sep 30 2025n/an/a

€732m

Jun 30 2025n/an/a

€802m

Mar 31 2025n/an/a

€827m

Dec 31 2024€981k€500k

€864m

Sep 30 2024n/an/a

€947m

Jun 30 2024n/an/a

€868m

Mar 31 2024n/an/a

€779m

Dec 31 2023€978k€500k

€656m

Sep 30 2023n/an/a

€369m

Jun 30 2023n/an/a

€352m

Mar 31 2023n/an/a

€497m

Dec 31 2022€1m€500k

€360m

Sep 30 2022n/an/a

€537m

Jun 30 2022n/an/a

€453m

Mar 31 2022n/an/a

€412m

Dec 31 2021€996k€500k

€508m

Compensation vs Market: Insufficient data to establish whether Renato's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Renato's compensation has been consistent with company performance over the past year.

CEO

Renato Mazzoncini (58 yo)

6.3yrs
Tenure
€981,221
Compensation

Mr. Renato Mazzoncini serves as Chief Executive Officer at A2A S.p.A. since May 14, 2020 and its Executive Director since 2020 and is its Managing Director since May 2020 and was its General Manager since...

Leadership Team

NamePositionTenureCompensationOwnership
Renato Mazzoncini
CEO, MD & Executive Director6.3yrs€981.22kno data
Luca Moroni
Chief Financial Officer4yrsno datano data
Marco Porro
Head of Investor Relationsno datano datano data
Lucia Monti
Head of Legal Affairs & Compliance5.3yrsno datano data
Carlotta Ventura
Chief Communication Officerno datano datano data
Mauro Ghilardi
Chief People & Transformation Officer6.2yrsno datano data
Alessandro Manfredini
Head of Group Security Cyber Defence10.4yrsno datano data
Vahe Nikogosyan
Head of Digital & Innovation1.7yrsno datano data
Renata Bonfiglio
Investor Relations Managerno datano datano data
5.8yrs
Average Tenure
57yo
Average Age

Experienced Management: A2A's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Renato Mazzoncini
CEO, MD & Executive Director6.7yrs€981.22kno data
Flavio Pasotti
Vice Chairmanless than a yearno datano data
Roberto Tasca
Chairman3.7yrs€382.35kno data
Nicla Picchi
Directorless than a yearno datano data
Susanna Dorigoni
Director3.7yrs€107.12kno data
Silvia Muzi
Chairman of Statutory Auditors3.7yrsno datano data
Vincenzo Cariello
Independent Director6.7yrs€126.81kno data
Elisabetta Pistis
Director3.7yrs€119.60kno data
Elisabetta Bombana
Director3.7yrs€103.67kno data
Mario Gualtiero Motta
Board Member3.7yrs€103.67kno data
Gaia Griccioli
Directorless than a yearno datano data
Maurizio Tira
Directorless than a yearno datano data
3.7yrs
Average Tenure
57.5yo
Average Age

Experienced Board: A2A's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 23:41
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

A2A S.p.A. is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Oscar Nájar RíosBanco Santander