A2A SpA (A2A.MI) Stock Price

A2A SpA Price

Borsa Italiana·CLOSED
2.28EUR-0.0070 (-0.31 %)
Market closed

Revenue has compounded at 3.9% per year over the past 19 years to 14.06 B EUR. Earnings per share have grown at 12.9% per year over the last 16 years. A2A SpA's net margin stands at 5.3%, broadly stable from 4.4% several years earlier. A2A SpA currently offers a dividend yield of about 4.39%. The payout ratio is around 42% of earnings. The dividend has grown at 2.7% per year over the past 19 years. Analysts set a median price target of 2.86 EUR, implying 25.4% above the current price. Of 11 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 9% above its 52-week low.

A2A SpA stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of A2A SpA over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how A2A SpA stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing A2A SpA's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

A2A SpA Stock Price History
DateA2A SpA Price
8/14/20262.28 EUR
8/13/20262.28 EUR
8/12/20262.30 EUR
8/11/20262.29 EUR
8/10/20262.30 EUR
8/7/20262.33 EUR
8/6/20262.31 EUR
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7/31/20262.27 EUR
7/30/20262.31 EUR
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7/28/20262.33 EUR
7/27/20262.34 EUR
7/24/20262.35 EUR
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7/22/20262.35 EUR
7/21/20262.32 EUR
7/20/20262.33 EUR
7/17/20262.34 EUR
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7/15/20262.35 EUR
7/14/20262.36 EUR
7/13/20262.33 EUR
7/10/20262.31 EUR
7/9/20262.31 EUR
7/8/20262.33 EUR
7/7/20262.32 EUR
7/6/20262.32 EUR
7/3/20262.33 EUR
7/2/20262.30 EUR
7/1/20262.22 EUR
6/30/20262.26 EUR
6/29/20262.27 EUR
6/26/20262.28 EUR
6/25/20262.30 EUR
6/24/20262.27 EUR
6/23/20262.28 EUR
6/22/20262.27 EUR
6/19/20262.27 EUR
6/18/20262.22 EUR
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6/16/20262.28 EUR
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6/12/20262.27 EUR
6/11/20262.28 EUR
6/10/20262.27 EUR
6/9/20262.25 EUR
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6/5/20262.26 EUR
6/4/20262.22 EUR
6/3/20262.23 EUR
6/2/20262.22 EUR
6/1/20262.26 EUR
5/29/20262.27 EUR
5/28/20262.26 EUR
5/27/20262.28 EUR
5/26/20262.32 EUR
5/25/20262.31 EUR
5/22/20262.28 EUR
5/21/20262.28 EUR
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5/19/20262.26 EUR
5/18/20262.21 EUR
5/15/20262.28 EUR
5/14/20262.36 EUR
5/13/20262.31 EUR
5/12/20262.32 EUR
5/11/20262.34 EUR
5/8/20262.32 EUR
5/7/20262.35 EUR
5/6/20262.38 EUR
5/5/20262.38 EUR
5/4/20262.36 EUR
4/30/20262.42 EUR
4/29/20262.34 EUR
4/28/20262.39 EUR
4/27/20262.39 EUR
4/24/20262.39 EUR
4/23/20262.41 EUR
4/22/20262.39 EUR
4/21/20262.39 EUR
4/20/20262.41 EUR
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4/15/20262.47 EUR
4/14/20262.51 EUR
4/13/20262.51 EUR
4/10/20262.53 EUR
4/9/20262.53 EUR
4/8/20262.52 EUR
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4/2/20262.51 EUR
4/1/20262.46 EUR
3/31/20262.43 EUR
3/30/20262.44 EUR
3/27/20262.37 EUR
3/26/20262.37 EUR
3/25/20262.38 EUR
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3/18/20262.40 EUR
3/17/20262.44 EUR
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3/13/20262.39 EUR
3/12/20262.36 EUR
3/11/20262.36 EUR
3/10/20262.39 EUR
3/9/20262.34 EUR
3/6/20262.31 EUR
3/5/20262.31 EUR
2/27/20262.45 EUR
2/26/20262.43 EUR
2/25/20262.42 EUR
2/23/20262.42 EUR
2/20/20262.39 EUR
2/19/20262.34 EUR
2/18/20262.45 EUR
2/17/20262.41 EUR
2/16/20262.42 EUR
2/13/20262.45 EUR
2/12/20262.48 EUR
2/11/20262.59 EUR
2/10/20262.54 EUR
2/9/20262.55 EUR
2/6/20262.54 EUR
2/5/20262.54 EUR
2/4/20262.58 EUR
2/3/20262.58 EUR
2/2/20262.55 EUR
1/30/20262.54 EUR
1/29/20262.52 EUR
1/28/20262.53 EUR
1/27/20262.51 EUR
1/26/20262.49 EUR
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1/20/20262.45 EUR
1/19/20262.48 EUR
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1/14/20262.41 EUR
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1/6/20262.31 EUR
1/5/20262.31 EUR
1/2/20262.31 EUR
12/30/20252.31 EUR
12/29/20252.29 EUR
12/23/20252.29 EUR
12/22/20252.28 EUR
12/19/20252.28 EUR
12/18/20252.26 EUR
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12/4/20252.31 EUR
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12/2/20252.33 EUR
12/1/20252.34 EUR
11/28/20252.36 EUR
11/27/20252.35 EUR
11/26/20252.33 EUR
11/25/20252.32 EUR
11/24/20252.33 EUR
11/21/20252.37 EUR
11/20/20252.38 EUR
11/19/20252.36 EUR
11/18/20252.38 EUR
11/17/20252.41 EUR
11/14/20252.41 EUR
11/13/20252.45 EUR
11/12/20252.53 EUR
11/11/20252.71 EUR
11/7/20252.67 EUR
11/6/20252.73 EUR
11/5/20252.71 EUR
11/4/20252.70 EUR
11/3/20252.69 EUR
10/31/20252.54 EUR
10/30/20252.51 EUR
10/28/20252.45 EUR
10/27/20252.46 EUR
10/25/20252.45 EUR
10/23/20252.43 EUR
10/22/20252.37 EUR
10/21/20252.36 EUR
10/20/20252.33 EUR
10/17/20252.32 EUR
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10/15/20252.28 EUR
10/14/20252.28 EUR
10/13/20252.25 EUR
10/10/20252.26 EUR
10/9/20252.27 EUR
10/8/20252.24 EUR
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10/6/20252.23 EUR
10/3/20252.23 EUR
10/2/20252.21 EUR
10/1/20252.23 EUR
9/29/20252.18 EUR
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9/25/20252.16 EUR
9/24/20252.18 EUR
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9/22/20252.14 EUR
9/19/20252.13 EUR
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9/15/20252.17 EUR
9/12/20252.16 EUR
9/11/20252.14 EUR
9/10/20252.11 EUR
9/9/20252.11 EUR
9/8/20252.13 EUR
9/5/20252.13 EUR
9/4/20252.11 EUR
9/3/20252.10 EUR
9/2/20252.10 EUR
9/1/20252.14 EUR
8/29/20252.15 EUR
8/28/20252.18 EUR
8/27/20252.19 EUR
8/26/20252.18 EUR
8/25/20252.20 EUR
8/22/20252.20 EUR
8/21/20252.18 EUR
8/20/20252.18 EUR
8/19/20252.18 EUR
8/18/20252.18 EUR
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A2A SpA Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
14.49 B EUR
1.05 B EUR
659.00 M EUR
Jan 1, 2024
12.86 B EUR
1.32 B EUR
864.00 M EUR
Jan 1, 2025
14.06 B EUR
1.24 B EUR
750.00 M EUR
Jan 1, 2026 (e)
14.25 B EUR
990.32 M EUR
647.88 M EUR
Jan 1, 2027 (e)
14.02 B EUR
968.43 M EUR
660.42 M EUR
Jan 1, 2028 (e)
14.01 B EUR
973.40 M EUR
680.03 M EUR
Jan 1, 2029 (e)
15.26 B EUR
1.06 B EUR
692.37 M EUR
Jan 1, 2030 (e)
16.75 B EUR
1.16 B EUR
770.69 M EUR

A2A SpA Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 15, 2026, 10:07 AM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
4.734.815.596.277.126.6711.3522.9514.4912.8614.0614.2514.0214.0115.2616.75
-0.611.7116.1412.1813.57-6.3770.25102.13-36.84-11.289.381.36-1.68-0.068.929.81
36.7738.3334.1530.9227.6029.6619.9410.6520.0226.0722.9822.9822.9822.9822.9822.98
1.741.851.911.941.971.982.262.442.903.353.233.283.223.223.513.85
0.220.460.710.590.690.550.660.781.051.321.240.990.970.971.061.16
4.549.4712.709.389.658.255.813.427.2710.288.786.956.916.956.956.95
73.00224.00293.00344.00389.00364.00504.00401.00659.00864.00750.00647.00660.00680.00692.00770.00
-297.30206.8530.8017.4113.08-6.4338.46-20.4464.3431.11-13.19-13.732.013.031.7611.27
0.040.040.050.060.070.080.080.090.090.100.100.110.120.12––
33.33–25.0020.0016.6714.29–12.50–11.11–10.009.09–––
3.113.183.113.403.113.113.073.133.133.123.123.123.123.123.123.12
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales A2A SpA generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue A2A SpA retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare A2A SpA's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares A2A SpA has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against A2A SpA's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

A2A SpA stock margins

The A2A SpA margin analysis displays the gross margin, EBIT margin, as well as the profit margin of A2A SpA. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for A2A SpA.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
19.94 %
5.81 %
4.44 %
Jan 1, 2022
10.65 %
3.42 %
1.75 %
Jan 1, 2023
20.02 %
7.27 %
4.55 %
Jan 1, 2024
26.07 %
10.28 %
6.72 %
Jan 1, 2025
22.98 %
8.78 %
5.33 %
Jan 1, 2026 (e)
22.98 %
6.95 %
4.55 %
Jan 1, 2027 (e)
22.98 %
6.91 %
4.71 %
Jan 1, 2028 (e)
22.98 %
6.95 %
4.86 %

A2A SpA Stock Revenue, EBIT, Earnings per Share

The A2A SpA earnings per share therefore indicates how much revenue A2A SpA has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
3.70 EUR
0.21 EUR
0.16 EUR
Jan 1, 2022
7.32 EUR
0.25 EUR
0.13 EUR
Jan 1, 2023
4.63 EUR
0.34 EUR
0.21 EUR
Jan 1, 2024
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2025
4.50 EUR
0.40 EUR
0.24 EUR
Jan 1, 2026 (e)
4.55 EUR
0.32 EUR
0.21 EUR
Jan 1, 2027 (e)
4.47 EUR
0.31 EUR
0.21 EUR
Jan 1, 2028 (e)
4.47 EUR
0.31 EUR
0.22 EUR

A2A SpA business model & stock analysis

A2A SpA is an Italian energy and environmental services company based in Brescia, Lombardia. The history of A2A began in 2008 with the merger of AEM (Azienda Energetica Municipale) and ASM (Azienda dei Servizi Municipalizzati) Brescia. These two municipal utility companies combined their respective expertise and resources to create innovative energy solutions under one roof. A2A's business model is based on providing services that contribute to a more environmentally friendly and sustainable life. The company combines traditional energy supply services, such as electricity, heat, and gas, with comprehensive support solutions in water supply, waste disposal, city cleaning, street lighting, and public transportation. The company's mission is to ensure a sustainable, efficient, and flexible energy supply. A2A operates in various business areas, including compliance with environmental regulations and energy supply to households and businesses. In the "Energy" sector, A2A offers products such as electricity, gas, and heat. The company increasingly relies on renewable energy sources such as biomass and geothermal energy and promotes the use of electric vehicles to reduce carbon emissions. The "Environment" sector focuses on optimizing waste management through recycling and other energetic uses, as well as providing drinking water. In the "Networks" sector, A2A manages and renovates distribution and supply networks (such as electricity or gas networks) to ensure a safe and efficient energy supply. "District Heating & Cooling" is another important sector of A2A, which focuses on the production and distribution of heating and cooling for urban areas. In addition to these business areas, A2A also offers innovative products for customers, such as A2A Smart City, an intelligent service package for city planners and public administrations that enables sustainable urban development. A2A is responsible for continuously improving environmental conditions in the region and has launched many projects focusing on promoting renewable energy, reducing waste, and optimizing waste disposal. In summary, A2A is a leading energy company in Italy that develops innovative solutions for energy and environmental issues. From providing energy supply to private and commercial customers to supporting urban development plans for a sustainable future, A2A operates under the motto "Energy for a better world." The company is committed to a more environmentally friendly world and delivers products and services to its customers that contribute to creating a better future for all.

A2A SpA SWOT Analysis

Strengths

  • Leading position in the Italian energy market with a diverse portfolio of services and products. This provides a strong foundation for A2A to capitalize on its market share and customer base.
  • Strong investment in renewable energy sources, allowing the company to align with global sustainable energy trends and leverage opportunities in the growing green economy.
  • Established relationships with municipalities and local institutions, enabling A2A to secure long-term contracts and stable revenue streams.

Weaknesses

  • Dependency on traditional fossil fuel-based energy sources, leaving the company vulnerable to fluctuating fuel prices and regulatory changes aimed at reducing carbon emissions.
  • Limited international presence, which may hinder A2A's ability to expand and diversify its revenue streams beyond the Italian market.
  • High debt levels, resulting in increased interest expenses and potential financial constraints for future investments and acquisitions.

Opportunities

  • Growing demand for renewable energy solutions presents an opportunity for A2A to further enhance its green energy portfolio and attract environmentally-conscious customers.
  • Increasing government support and incentives for clean energy initiatives can create a favorable regulatory environment for A2A to expand its renewable energy projects.
  • Collaboration with other industry players or mergers and acquisitions can help A2A gain access to new markets and technologies.

Threats

  • Intense competition within the energy sector, both from traditional players and new entrants, poses a threat to A2A's market position and profitability.
  • Volatile energy prices and geopolitical factors may negatively impact A2A's financial performance and ability to maintain competitive pricing.
  • Regulatory changes aiming to reduce reliance on fossil fuels and promote sustainability could require significant investments and potentially affect A2A's profitability in the short term.

A2A SpA Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

A2A SpA historical P/E ratio, EBIT multiple, and P/S ratio

A2A SpA annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

A2A SpA shares outstanding

The number of shares of A2A SpA was 3.12 B in 2025. This indicates how many shares A2A SpA is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
3.07 B Stocks
Jan 1, 2022
3.13 B Stocks
Jan 1, 2023
3.13 B Stocks
Jan 1, 2024
3.13 B Stocks
Jan 1, 2025
3.12 B Stocks
Jan 1, 2026 (e)
3.12 B Stocks
Jan 1, 2027 (e)
3.12 B Stocks
Jan 1, 2028 (e)
3.12 B Stocks

A2A SpA stock splits

In A2A SpA's history, there have been no stock splits.

A2A SpA Dividend History

27 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20250.10EUR↑ 4.4%1×
May 19, 20250.10EUR↑ 4.4%1/1
20240.10EUR↑ 6.0%1×
20230.09EUR 0.0%1×
20220.09EUR↑ 13.0%1×
20210.08EUR↑ 3.2%1×
20200.08EUR↑ 10.7%1×
20190.07EUR↑ 21.1%1×
20180.06EUR↑ 17.5%1×
20170.05EUR↑ 20.0%1×
20160.04EUR↑ 12.9%1×

A2A SpA dividend history and estimates

In 2025, A2A SpA paid a dividend amounting to 0.10 EUR. Dividend means that A2A SpA distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
0.08 EUR
0.00 EUR
0.00 EUR
Jan 1, 2022
0.09 EUR
0.00 EUR
0.00 EUR
Jan 1, 2023 (e)
0.00 EUR
0.09 EUR
0.00 EUR
Jan 1, 2024
0.10 EUR
0.00 EUR
0.00 EUR
Jan 1, 2025
0.10 EUR
0.00 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
0.11 EUR
0.00 EUR
Jan 1, 2027 (e)
0.00 EUR
0.12 EUR
0.00 EUR
Jan 1, 2028 (e)
0.00 EUR
0.12 EUR
0.00 EUR

A2A SpA dividend payout ratio

In 2025, A2A SpA had a payout ratio of 41.66%. The payout ratio indicates the percentage of the company's profits that A2A SpA distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
48.74 %
Jan 1, 2022
70.63 %
Jan 1, 2023
42.98 %
Jan 1, 2024
51.76 %
Jan 1, 2025
41.66 %
Jan 1, 2026 (e)
51.93 %
Jan 1, 2027 (e)
54.71 %
Jan 1, 2028 (e)
57.06 %

Current A2A SpA forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.70 %
Buy
63.64 % (7)
Hold
36.36 % (4)
Sell
0.00 % (0)
12M Price Target
2.86
Last Price
2.28
Currency
EUR
12M Return Potential
25.04 %
LTM Return
0 %

A2A SpA Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/30/20200.01EUR-1.36 BEUR-2020 Q2
5/12/20200.03EUR-2.11 BEUR-2020 Q1
3/19/20200.03EUR-1.04 BEUR-2019 Q4
11/13/20190.02EUR-1.15 BEUR-2019 Q3
8/2/20190.02EUR-1.35 BEUR-2019 Q2
5/15/20190.05EUR-1.84 BEUR-2019 Q1
4/3/20190.04EUR-1.82 BEUR-2018 Q4
11/13/20180.02EUR-1.29 BEUR-2018 Q3
7/31/2018-EUR-1.18 BEUR-2018 Q2
5/10/2018-EUR-1.68 BEUR-2018 Q1

EESG©

Eulerpool ESG Scorecard© for the A2A SpA stock

80/100
99
Environment
99
Social
43
Governance
E

Environment

20
Scope 1 - Direct Emissions4,620,312
Scope 2 - Indirect emissions from purchased energy249,731
Scope 3 - Indirect emissions within the value chain13,698,987
Total CO₂ emissions4,870,043
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees21
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

A2A SpA shareholder structure

% Name
1.65009%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.06303%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.90038%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.84998%
Goldman Sachs Asset Management, L.P.
Goldman Sachs Asset Management, L.P.
0.79802%
State Street Global Advisors (UK) Ltd.
State Street Global Advisors (UK) Ltd.
0.77036%
Anima SGR S.p.A.
Anima SGR S.p.A.
...

A2A SpA Beneficial Ownership Filings (SEC 13D/G)

Free Float
48.0%
Float Shares
-
Shares Outstanding
-

A2A SpA Executives and Management Board

13 members · avg. age 59 · 38 % women

RM

Mr. Renato Mazzoncini (56)

Chief Executive Officer, General Manager, Executive Director · since 2020

981,221.00 EUR

Management

GC

Mr. Giovanni Comboni (68)

Non-Executive Vice Chairman of the Board · since 2014

153,717.00 EUR
MP

Mr. Marco Porro

Head of Investor Relations · since 2022

–

Board of Directors

RT

Mr. Roberto Tasca (62)

Executive Chairman of the Board · since 2023

382,348.00 EUR
VC

Mr. Vincenzo Cariello (58)

Non-Executive Independent Director

126,813.00 EUR
MS

Ms. Maria Grazia Speranza (68)

Non-Executive Independent Director

123,362.00 EUR
EP

Ms. Elisabetta Pistis (45)

Non-Executive Independent Director

119,599.00 EUR
AZ

Mr. Alessandro Zunino (57)

Non-Executive Independent Director

113,671.00 EUR
SD

Ms. Susanna Dorigoni (55)

Non-Executive Independent Director

107,123.00 EUR

A2A SpA Supply Chain

A2A SpA Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
8 companies
#NameTrend
1
Iren SpA
Supplier·Customer·Multi-Utilities·IT
0.26
0.29
0.87
0.88
0.77
0.91
2
ACSM-AGAM
Supplier·Customer·Gas Utilities·IT
-0.05
0.21
0.12
0.49
0.60
0.84
3
Wartsila
Supplier·Machinery·FI
-0.54
-0.41
-0.81
0.35
0.53
0.84
4
Alkemy
Supplier·Professional Services·IT
0.43
-0.14
-0.62
0.29
-0.08
0.83
5
Edison
Supplier·Customer·Independent Power and Renewable Electricity Producers·IT
-0.21
-0.43
-0.37
-0.41
-0.66
0.59

Frequently asked questions about A2A SpA

A2A SpA operates as a major Italian multi-utility company. Its business model revolves around the distribution and sale of electricity, gas, water, and environmental services. A2A SpA also engages in the development and management of district heating networks, energy production from renewable sources, and waste management. The company aims to provide reliable and sustainable solutions, while focusing on innovation and customer satisfaction. A2A SpA's diversified operations ensure a stable revenue stream and contribute to the overall growth of the company.

A2A SpA is primarily active in the energy and environmental sectors. As one of Italy's leading energy companies, A2A SpA engages in electricity generation, distribution, and sales. Additionally, the company is involved in the production and distribution of heat, as well as the management of waste and water services. With a strong focus on sustainability, A2A SpA aims to provide efficient and environmentally-friendly solutions to meet the energy needs of individuals and businesses.

The main competitors of A2A SpA in the market include Enel SpA, Edison SpA, and Eni SpA. These companies operate in similar sectors and provide similar services, such as energy production and distribution. However, A2A SpA distinguishes itself through its focus on sustainable energy solutions and its commitment to environmental and social responsibility. With its strong market presence and competitive advantage, A2A SpA continues to compete effectively against its rivals, driving innovation and contributing to the overall growth of the industry.

A2A SpA is an Italian multinational company engaged in the energy and environmental sectors. Established in 2008, A2A SpA resulted from the merger of two major Italian utility companies, AEM and ASM. With headquarters in Brescia and Milan, A2A operates in the production, distribution, and sale of electricity, heat, and gas. The company also manages urban waste and water services. A2A SpA has a strong focus on sustainable development and has been actively investing in renewable energy sources. It is considered one of the leading players in the Italian energy market, serving millions of customers across the country.

A2A SpA, an esteemed Italian utility company, has achieved several significant milestones. One noteworthy accomplishment is the successful acquisition and integration of the Greater Milan Area District Heating ("Teleriscaldamento Milano") in 2006, which strengthened the company's position in the energy sector. Additionally, A2A SpA has been actively involved in renewable energy initiatives, such as the development of wind farms in Italy. Another significant milestone was the company's involvement in the IPO of Italgas in 2016, which further strengthened its presence in the natural gas market. Overall, A2A SpA has demonstrated its commitment to growth and diversification within the energy sector, solidifying its reputation as a prominent player in the industry.

A2A SpA is primarily present in Italy, with its headquarters located in Brescia. As a leading Italian multi-utility company, A2A operates in various regions and cities across the country. It provides energy, environmental, and other value-added services to millions of customers. With a strong presence in Lombardy, Piedmont, and other regions, A2A contributes significantly to the Italian energy market. The company's commitment to sustainable development and innovation further strengthens its position as a key player in the Italian utilities sector.

A2A SpA represents a set of core values and a corporate philosophy focused on sustainability, innovation, and customer satisfaction. As a leading Italian multi-utility company, A2A SpA aims to provide reliable energy, environment, and water services while fostering economic growth and social progress. Committed to sustainability, A2A SpA adopts environmentally friendly practices, invests in renewable energy sources, and promotes energy efficiency. With a customer-centric approach, the company prioritizes the needs and preferences of its clients, striving to meet their expectations and deliver high-quality services. A2A SpA continually seeks innovative solutions to address evolving market demands and contribute to the achievement of a sustainable future.

Analysts currently set an average price target of 2.84 EUR for the A2A SpA stock (median: 2.86 EUR), implying +24.5 % versus the latest price. The consensus is based on 11 analyst ratings.

A2A SpA Analyst Price Targets 2026

11 analysts currently rate the A2A SpA stock: 7 recommend buying, 4 holding and 0 selling. For 2026, analysts expect A2A SpA to generate revenue of 14.25 B EUR and earnings per share of 0.21 EUR.

A2A SpA Analyst Price Targets 2026

The A2A SpA share (A2A.MI) is listed on 9 stock exchanges, including: Frankfurt (EAM.F), München (EAM.MU), Düsseldorf (EAM.DU), London (0N54.L), Wien (A2A.VI), Mailand (A2A.MI).

The company A2A SpA is a leading energy and environmental service provider in Italy. Founded in 2008, the company is headquartered in Brescia, Italy and employs over 12,000 people. A2A's business model is based on a strong presence in different business areas that are closely linked, allowing the company to quickly and efficiently respond to the needs of its customers. A2A operates in three business areas: electricity, gas and heat, waste management, and urban planning. Each of these business areas plays an important role in the sustainable development of the company and the entire economy of Italy. A2A's electricity sector is one of the company's main pillars. A2A produces and supplies electricity to households and businesses. The company is able to produce energy from different sources such as coal, gas, and water. In addition, A2A is strongly committed to the use of renewable energy resources such as solar energy, wind energy, and geothermal energy. The company is committed to reducing environmental impact and supporting sustainable economic growth. In the gas and heat market, A2A is one of the leading providers in Italy. A2A provides companies and individuals with environmentally friendly gas energy and heat. The company offers products and services for all types of customers, from SMEs to large companies. A2A's gas sector stands out for its innovation and technological leadership. For example, A2A is a pioneer in the development of virtual power plants (VPPs) and intelligent energy management software. A2A is also a leader in waste management and urban planning. The company is able to dispose of large amounts of waste in an environmentally friendly manner and generates valuable resources in the process. For example, A2A uses waste materials for electricity and heat generation to increase energy efficiency. A2A also offers engineering and consulting services in the field of sustainable urban development. In addition to its three main pillars, A2A also offers products and services for the mobility industry. A2A strives to promote alternative technologies and services in the field of mobility, contributing to the reduction of greenhouse gases and air pollution. Overall, A2A's business model is very diverse and focused on sustainable development. The company is able to offer customer-oriented and individual solutions while reducing environmental impact. Thanks to its high level of innovation and collaboration with external stakeholders, A2A is able to respond to the challenges of the changing energy market and develop forward-looking solutions.

The expected revenue of A2A SpA is 14.25 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of A2A SpA is 647.88 M EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of A2A SpA is currently 10.98. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the A2A SpA stock.

The price-to-sales ratio (P/S) of A2A SpA is currently 0.50. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the A2A SpA stock.

The Eulerpool Quality Score for A2A SpA is 7/10.

The ISIN of A2A SpA is IT0001233417. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of A2A SpA is 915445. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of A2A SpA is A2A.MI. The ticker symbol is used to trade A2A SpA shares on the stock exchange.

Over the past 12 months, A2A SpA paid a dividend of 0.10 EUR . This corresponds to a dividend yield of about 4.39 %. For the coming 12 months, A2A SpA is expected to pay a dividend of 0.12 EUR.

The current dividend yield of A2A SpA is 4.39 %.

A2A SpA pays a dividend, distributed in the months of , , , .

A2A SpA paid dividends every year for the past 27 years.

For the upcoming 12 months, dividends amounting to 0.12 EUR are expected. This corresponds to a dividend yield of 5.05 %.

A2A SpA is assigned to the 'Utilities' sector.

To receive the latest dividend of A2A SpA from amounting to 0.1 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, A2A SpA distributed 0.1 EUR as dividends.

The dividends of A2A SpA are distributed in EUR.

All fundamentals and in-depth analysis of A2A SpA

Our stock analysis for A2A SpA stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of A2A SpA. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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