(Reuters) – Italy’s A2A posted an 18% jump in full-year core profit (EBITDA) to 2.33 billion euros ($2.43 billion) on Thursday thanks to lower energy price volatility compared to last year, slightly beating the upper-end of guidance.
The country’s biggest regional utility’s net financial debt stood at 5.84 billion euros at end-December, up from 4.68 billion euros a year earlier.
“From a financial point of view, we have kept debt under control,” CEO Renato Mazzoncini said in a statement, pointing to a net debt to EBITDA ratio of 2.5x
($1 = 0.9578 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Kirsten Donovan)
