olivLaw · European equity research
Acea S.p.A. ACE.MI
Italy · Euronext Milan · ISIN IT0001207098 · Vertical: Listed companies from Italy
Acea is an Italian multi-utility active in water, electricity, gas and waste management, with operations mainly in the Rome area and Umbria. Its importance is growing with investments tied to infrastructure resilience and the energy transition, backed by a sustainability plan with over billion euros for environmental targets.
At the close of 04 Nov 2026, Acea S.p.A. (ACE.MI) stock was 21.58 EUR (+1.98% on the day), with market capitalisation 4.6 bn EUR, P/E 9.6 on diluted EPS of 2.26 EUR over the last 12 months, dividend yield 3.47%, beta 0.35, 52-week range 19.59–26.44 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 73.1
- overbought (≥ 70)
- Bollinger (20, 2)
- 19.49 – 21.46
- above the upper band · %B 1.06 · band width 9.6%
- SMA 50 / 200
- 20.31 / 22.17
- mixed trend
- MACD (12, 26, 9)
- 0.28 / 0.14
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.1% | −1.5% | +9.6 pp | — |
| 3 months | +0.4% | −5.3% | +5.6 pp | — |
| 6 months | −8.4% | +4.7% | −13.1 pp | — |
| Year to date | −2.4% | +6.0% | −8.4 pp | — |
| 1 year | +0.5% | +8.2% | −7.7 pp | −5.8% |
| 3 years | +82.1% | +47.2% | +34.9 pp | +6.7% |
| 5 years | +12.9% | +41.8% | −28.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 33 percentile of its own 3-quarter history (min 8.3, median 9.8, max 12.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | 4.6 bn | 2.9 bn | 2.9 bn |
| Revenue YoY | unavailable | unavailable | −37.5% | +0.2% |
| Net income | unavailable | 293.9 m | 331.6 m | 480.6 m |
| Net income YoY | unavailable | unavailable | +12.8% | +44.9% |
| Diluted EPS | 1.56 | unavailable | 1.56 | 2.26 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | +44.9% |
| net % | unavailable | 6.3% | 11.5% | 16.6% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- unavailable EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 3.2 bn EUR
- Total assets
- 12.8 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 0.69x
- ROE
- 15.9%
- ROA
- 3.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | 4.6 bn | 2.9 bn | 2.9 bn | esef· 12 May 2026verified |
| Gross profit | — | 1.4 bn | 1.4 bn | 1.5 bn | esef· 12 May 2026verified |
| Operating income | — | 612.3 m | 663.8 m | 668.9 m | esef· 12 May 2026verified |
| Interest expense | — | 176.0 m | 176.9 m | 165.3 m | esef· 12 May 2026verified |
| Pre-tax income | — | 475.2 m | 520.7 m | 626.8 m | esef· 12 May 2026verified |
| Income tax | — | 147.8 m | 164.7 m | 185.8 m | esef· 12 May 2026verified |
| Net income | — | 293.9 m | 331.6 m | 480.6 m | esef· 12 May 2026verified |
| Diluted EPS | 1.56 | — | 1.56 | 2.26 | esef· 12 May 2026verified |
| Dividend per share | — | — | 0.69 | 0.75 | esef· 12 May 2026derived |
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Current assets | — | 2.6 bn | 2.3 bn | 2.0 bn | esef· 12 May 2026verified |
| Property, plant & equipment, net | — | 3.3 bn | 3.4 bn | 3.6 bn | esef· 12 May 2026verified |
| Goodwill | — | 254.6 m | 241.0 m | 191.2 m | esef· 12 May 2026verified |
| Intangibles (excl. goodwill) | — | 413.2 m | 417.2 m | 300.8 m | esef· 12 May 2026verified |
| Total assets | — | 11.8 bn | 12.2 bn | 12.8 bn | esef· 12 May 2026verified |
| Current liabilities | — | 3.3 bn | 3.4 bn | 3.0 bn | esef· 12 May 2026verified |
| Equity | 2.8 bn | 2.8 bn | 2.9 bn | 3.2 bn | esef· 12 May 2026verified |
| Shares outstanding at year end | — | — | 213.0 m | 213.0 m | esef· 12 May 2026derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | — | 1.1 bn | 1.8 bn | 1.8 bn | esef· 12 May 2026verified |
| Investing cash flow | — | -1.3 bn | -1.1 bn | -1.1 bn | esef· 12 May 2026verified |
| Financing cash flow | — | -12.1 m | -519.7 m | -519.7 m | esef· 12 May 2026verified |
| Dividends paid | — | 145.2 m | 146.1 m | 159.5 m | esef· 12 May 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.6 bn EUR
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 10.18 – 63.44 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E14.31 – 63.44 (Mid 35.65)20 companies used · median multiple 15.8x · quartiles 6.3x – 28.1xAC5.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI, ELN.MI
- Dividend discount (DDM)10.18 – 13.89 (Mid 11.75)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 16.6% | 79 (vs peers) | 15% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | 13.2% | 88 (on a fixed band) | 20% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.0x | 39 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 9.6x | 73 (vs peers) | 25% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 3.5% | 50 (on a fixed band) | 15% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet24/100 · 2/3 factors with a value
- Growth· partial88/100 · 1/2 factors with a value
- Quality· partial79/100 · 1/3 factors with a value
- Returns· partial50/100 · 1/2 factors with a value
- Valuation· partial73/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ACEA S.P.A. (ACE.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 2.9 bn EUR in 2025; YoY growth 0.2%; net margin 16.6%; ROE 18.2%.
The estimated value range is 12.25–38.66 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 23.70 EUR, the price of 21.58 EUR leaves a potential of 9.8% (value / price − 1) and a margin of safety of 8.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 16.6%
- EPS CAGR 3Y: 13.2%
- P/E (TTM): 9.6x
What contradicts it
- Current ratio: 0.7x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.7 bn | 21.3 | 15.4% | 8.4% | +8.7% | +22% / +58% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +72% |
| DIA.MIDiasorin S.p.a. | 4.4 bn | 28.8 | 9.2% | 13.0% | +0.8% | +33% / −5% |
| CRL.MICarel Industries S.p.a. | 3.0 bn | 40.9 | 16.1% | 11.7% | +8.7% | +7% / +14% |
| AMP.MIAmplifon S.p.a. | 2.6 bn | 29.1 | 8.5% | 3.8% | −0.6% | −11% / −59% |
| ELN.MIEl.en. - S.p.a. | 1.3 bn | 31.4 | 10.9% | 7.3% | +4.2% | +31% / +79% |
| CMB.MICembre S.p.a. | 1.3 bn | 27.9 | 20.6% | 18.9% | +6.7% | +15% / +114% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 19.1 | 12.8% | 7.1% | −23.0% | +11% / +68% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.7 | 8.6% | 9.4% | +1.4% | −21% / −61% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 986.3 m | 10.6 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 909.3 m | 89.4 | 2.1% | 1.8% | +21.5% | +22% / +302% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 799.2 m | 6.1 | 17.1% | 7.3% | +1.6% | +6% / +75% |
| ASC.MIAscopiave S.p.a. | 639.9 m | 17.9 | 4.2% | 17.5% | +13.4% | −9% / +31% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 345.1 m | — | -4.9% | -3.5% | +0.4% | −31% / +4% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 319.0 m | 12.8 | 11.1% | 13.7% | +9.2% | −3% / +10% |
| CAI.MICairo Communication S.p.a. | 290.6 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +29% |
| ECNL.MIAquafil S.p.a. | 130.1 m | — | -3.2% | -0.9% | −3.9% | −1% / −52% |
| BEC.MIB&C Speakers S.p.a. | 119.8 m | 11.8 | 18.5% | 10.2% | −1.3% | −25% / −31% |
| ABT.MIAbitare In S.p.a. | 76.3 m | 277.0 | 0.4% | 0.4% | +39.8% | −6% / −47% |
| ELC.MIElica S.p.a. | 64.0 m | — | -7.8% | -2.2% | +1.9% | −34% / −49% |
| DEX.MIDexelance S.p.a. | 50.7 m | 2.8 | 11.0% | 5.4% | +12.6% | −63% / −78% |
| CLE.MIClass Editori S.p.a. | 34.4 m | — | -29.2% | -3.8% | −0.7% | −11% / +102% |
| AEF.MIAeffe S.p.a. | 11.7 m | 0.6 | 21.9% | 7.7% | −21.3% | −52% / −84% |
| CLF.MICaleffi - S.p.a. | 11.6 m | 5.2 | 10.9% | 3.8% | −2.5% | −4% / −10% |
1- and 3-year price returns: for ACE.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 12.21 Total return -41% · Per year -41% | 21.63 Total return 4% · Per year 4% | 32.65 Total return 55% · Per year 55% |
| 3 years | 10.86 Total return -42% · Per year -17% | 21.74 Total return 11% · Per year 4% | 36.16 Total return 81% · Per year 22% |
| 5 years | 9.65 Total return -44% · Per year -11% | 21.84 Total return 19% · Per year 3% | 40.05 Total return 109% · Per year 16% |
- Exit P/E± 5.43
- Net margin± 3.80
- Annual revenue growth± 3.26
- Annual dilution± 0.32
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Acea is an Italian multi-utility active in water, electricity, gas and waste management, with operations mainly in the Rome area and Umbria. Its importance is growing with investments tied to infrastructure resilience and the energy transition, backed by a sustainability plan with over 1 billion euros for environmental targets.
SWOT
Strengths
- Solid position in large urban areas, with regulated activities that provide fairly predictable revenues.
- Diversified portfolio across water, energy, gas and waste, which reduces dependence on a single sector.
- An integrated sustainability plan with validated targets and dedicated environmental investment 1.
Weaknesses
- High dependence on regulatory decisions and on administratively approved tariffs.
- Disputes over tariff procedures can delay recognition of costs in tariffs.
- Large investment needs in ageing infrastructure with long execution times.
Opportunities
- National funding for water resilience could support planned works.
- Simpler permits for renewables could speed up green generation projects.
- Demand for green energy and dynamic-price contracts could raise sales revenues.
Threats
- Changes in regulation or tariff methodology could reduce the remuneration of investments.
- Drought and water stress could reduce hydroelectric output and water availability.
- Stricter PFAS and other substance requirements could raise treatment costs.
Risks
- Regulation and tariffshigh
Changes to the ARERA methodology could alter the revenues recognised for water and waste.
- Litigation riskmedium
Proceedings before administrative courts on tariffs could delay important decisions.
- Climate riskshigh
Droughts and extreme events could affect hydroelectric output and service continuity.
- Operational risksmedium
Infrastructure failures or delays in essential procurement could disrupt services.
- Political and macroeconomic contextmedium
Government changes or raw material price pressures could affect costs and the timing of investments.
Investment thesis
What would need to be true (bull case)
- Largely regulated revenues and a diversified portfolio could provide stability if tariffs are recognised correctly.
- National water and network investment programmes could open new bases of remunerable assets.
- Growth in green generation and renewable energy sales could support long-term expansion.
What would break the thesis
- If tariff procedures remain contested, recognition of costs could be delayed.
- Climate risks could reduce hydroelectric output and raise water supply costs.
- Stricter environmental requirements could increase operating and investment spending.
What to watch
- Outcome of the ARERA process on the R3 method and default options2026
- Tariff application for 2026-2029 in the territorial areas2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Acea group manages several regulated businesses: the integrated water service, electricity distribution, environmental activities and energy and gas sales. Most revenues come from activities under ARERA regulation, so tariffs and calculation rules are central to group performance. The 2024-2028 sustainability strategy foresees significant investment to raise renewable output and cut emissions 1.
Segments
Water services
Several group companies run the integrated water service in their own territorial areas. The activity is heavily regulated, and a national programme for the sector funds 75 interventions against the water crisis and to reduce losses, for a total of 957 million euros 1.
Environment and waste
From 2025 waste management also falls under ARERA rules, and access tariffs for the Orvieto plant were recalculated under the MTR-2 method. This segment depends on administrative decisions by local authorities and on the evolution of the tariff methodology for 2026-2029 1.
Electricity and gas
The group sells green electricity and offsets sold methane volumes by purchasing certified voluntary carbon credits. The strategy aims to raise renewable generation, including photovoltaic and biomethane projects 1.
Market context
The markets Acea operates in are largely regulated, and the rule framework changes constantly at local, national and European level. In Italy, new rules on renewables, the electricity market and water networks directly affect operating conditions. The European context includes stricter limits for PFAS in surface and groundwater, which could raise treatment costs 1.
Trends
- ARERA regulation of wastemixed
Extending ARERA powers to the waste cycle brings more transparent tariffs but also more complex review processes. The MTR-3 method and the R3 indicator from 2028 could change how group activities are remunerated 1.
- Investment in water resiliencetailwind
The national programme for water security, with 957 million euros, supports works that reduce losses and the risk of water crisis. If works progress as planned, it could support the group's regulated investment base 1.
- Legal uncertainty on tariffsheadwind
Disputes exist over ARERA silence on the 2024-2025 tariff determinations and over challenges to the territorial authority's acts. An unfavourable outcome could delay recognition of costs in tariffs 1.
- Energy transition and renewablesmixed
European directives such as RED III and rules on acceleration zones for renewable plants could simplify permits for group projects. However, expanding green output requires substantial investment and execution time 1.
Competitive position
Competition depends on the segment: in distribution and water, activity remains largely within assigned territorial areas, while in energy and gas sales competition is open. Main rivals are other Italian and European utilities operating in the same areas, and competitive pressure is higher in energy than in water 1.
- Hera S.p.A.
Italian multi-utility active in water, energy and waste, with direct competition in some territories.
- A2A S.p.A.
Italian utility group with activities in energy, water and environment, competing in sales.
- Iren S.p.A.
Italian utility active in water services, energy and waste management.
- Enel S.p.A.
Large-scale energy operator competing in electricity sales.
News & filings
In the press
- „Nu am făcut acea tranzacție”: Cetățeanul care a reclamat un transfer neautorizat cu semnătura sa mobilă insistăNewsMaker (MD) · 01 Nov 2026 · RO
- Condamnata la moarte Christa Pike, primele declarații după tentativa eșuată de execuție: „Nu știu de ce am supraviețuit în acea noapte”HotNews.ro · 30 Oct 2026 · RO
- Christa Pike, primele declarații la o lună de la eșecul execuției: „Nu știu de ce am supraviețuit în acea noapte”Digi24 · 30 Oct 2026 · RO
- Nazare, despre cele 60 de miliarde de lei cerute de ministere la rectificare. „Toți ordonatorii știu că acea sumă este un pic exagerată”Economedia · 29 Oct 2026 · RO
- Ministrul Finanțelor respinge solicitările ministerelor pentru o rectificare de 60 de miliarde de lei: „Toți știu că acea sumă este un pic exagerată”Adevărul · 29 Oct 2026 · RO
- Vânzările Dacia în Europa au înregistrat în septembrie un declin anual de 8,9%, arată datele ACEAEconomedia · 22 Oct 2026 · RO
- ACEA: Vânzările de automobile Dacia în Europa au scăzut cu 8,9% în septembrie - AgerpresAgerpres · 22 Oct 2026 · RO
- ACEA: Vânzările de automobile în Europa au crescut cu 10,2% în septembrie - AgerpresAgerpres · 22 Oct 2026 · RO
- Kelemen Hunor: Niciodată nu am crezut eu în acea teorie: cineva este premier, dar decide altcineva. Nu! - News.roSurge — Google News · 19 Oct 2026 · RO
- VIDEO Nu mai există acea trilemă energetică. Raluca Covrig, FPE: Este destul de clar, în contextul geopolitic în care ne aflăm, care e ordinea în care trebuie să abordăm lucrurile - Profit Energy.ForumProfit.ro · 14 Oct 2026 · RO
- ACEA President & Mercedes CEO 'Welcomes' EU Deal with China on HybridsBloomberg Markets · 14 Oct 2026 · EN
- Trei deserturi care aduc acasă gustul festiv și acea stare de bineAdevărul · 08 Oct 2026 · RO
- Jakubowicz, preşedintele Asociaţiei Analiştilor Financiar-Bancari: Mecanismul de calcul al ROBOR a fost transparent/ Nu cred că am putea să acuzăm băncile de acea manipulareEconomedia · 08 Oct 2026 · RO
- TABEL Chinezii au depășit în premieră în Europa mărcile japoneze, cu tot cu Toyota. Marile grupuri auto din China, în statisticile oficiale ACEAProfit.ro · 01 Oct 2026 · RO
- În premieră, BVB pregăteşte lansarea unui indice compus din companii antreprenoriale. Remus Vulpescu, CEO, BVB: Urmărim acea componentă a pieţei reglementate principale unde fondatorii rămân angrenaţi în stabilirea direcţiilor strategice de dezvoltare şi management al afacerii respectiveZiarul Financiar · 25 Sept 2026 · RO
- Cum pot schimba investiţiile faţa economiei locale? Proiectul Via Transilvanica, în urmă cu câţiva ani doar un plan ambiţios, astăzi unul dintre cele mai importante trasee de hiking din Europa, dezvoltă acum turismul local. Alexandru Reff, country managing partner, Deloitte România & Moldova: „Celebrăm România în mişcare, acea Românie care nu bate pasul pe loc“Ziarul Financiar · 23 Sept 2026 · RO
- Festivalul Olimpic al Tineretului European 2027, un test de imagine şi capacitate pentru România. "Vorbim aici despre acea moştenire"Antena 3 CNN · 22 Sept 2026 · RO
- Siegfried Mureșan: Tot ce am spus despre PSD a fost mereu adevărat și îmi mențin afirmațiile / Mi se pare firesc să-i prezint lui Sorin Grindeanu programul de guvernare și să discutăm pe acea bazăG4Media · 21 Sept 2026 · RO
- Răspunsul lui Traian Băsescu, întrebat cum diferă naționalismul său de cel al lui George Simion: „Îți dă acea stăpânire a locului”Digi24 · 19 Sept 2026 · RO
- Silvia Uscov, la lansarea Sovereign Institute for Liberty & Justice: „Vrem să fim acea Românie ambițioasă”; Institutul pregătește un proiect de țară pe 20 de aniFinancial Intelligence (RO) · 14 Sept 2026 · RO
Annual reports (ESEF)
- Annual report 202512 May 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Acea S.p.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.