Finance
Italy's ACEA restates 2024 results, raises guidance to reflect energy unit sale
Published by Global Banking & Finance Review®
Posted on July 24, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 24, 2025
1 min readLast updated: January 22, 2026
ACEA restates 2024 results and raises 2025 profit forecast after selling its energy unit to Eni's Plenitude for €588.5 million.
(Reuters) -Italian utility ACEA raised its forecast for 2025 core profit growth to between 6% and 8% on Thursday, compared to a previously guided 2-3% increase, after restating last year's results in light of the upcoming sale of its energy arm.
In June, the Rome-based utility said it would sell ACEA Energia to larger peer Eni's Plenitude unit for 588.5 million euros ($691.4 million).
It restated 2024 full-year core profit to 1.28 billion euros, instead of the initially reported 1.43 billion, to exclude the unit's results that will be reported under "discontinued operations" until the sale is closed.
ACEA's core profit, or earnings before interest, taxes, depreciation and amortisation, jumped 12% to 731 million euros in the first half of 2025.
($1 = 0.8512 euros)
(Reporting by Romolo Tosiani, Gaia Neiman in Gdansk; Editing by Milla Nissi-Prussak)
ACEA raised its forecast for 2025 core profit growth to between 6% and 8%, up from a previously guided increase of 2-3%.
ACEA announced it would sell ACEA Energia to Eni's Plenitude unit for 588.5 million euros, equivalent to approximately $691.4 million.
ACEA restated its 2024 full-year core profit to 1.28 billion euros, down from the initially reported 1.43 billion euros, to exclude results from the sold unit.
ACEA's core profit jumped 12% to 731 million euros in the first half of 2025.
The results from ACEA Energia will be reported under 'discontinued operations' until the sale is finalized, affecting the overall profit reporting for 2024.
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