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ARCHIVE OF SPEECHES BY KEY EXECUTIVES

The Board of Directors approves the results as at 31 December 2009

Tomaso Tommasi di Vignano

The Chairman, Tomaso Tommasi di Vignano made the following statement: "The growth in results goes to justify our market expansion strategy, even in the middle of a severe recession, permitting us to confirm the dividend of Euro 8 cents. Specifically, added the Chairman, I would like to highlight the commercial success in both the energy markets, partly due to growth outside our area of reference, and the success in the industrial waste sector. In fact we proved ourselves capable of managing a very difficult market situation, reversing the negative results of the first half in the second half, thanks in part to the establishment of Herambiente which meant that we could optimise all our waste disposal activities through this reorganisation."

 
Maurizio Chiarini

The CEO, Maurizio Chiarini, stated "The positive results achieved in 2009 confirm the solid structure of the Group. All business areas have exceeded 2008 levels, with especially encouraging results shown in the gas distribution sector and in the agreements with local regulators, confirming growth trends also in the water and waste management areas. In addition, reorganisation of the territorial operating companies helped to increase efficiency and streamline the corporate structure, transforming the territorial operating companies into organisational units to reduce costs and simplify organisation. Finally, I would like to mention the successful issue of a 500-million euro Eurobond, confirming the high regard the Group is held in, and consolidating 95% of the debt to the medium-long term."

 

Bologna, 29 march 2010

 
 
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