ENGINEERING AND SERVICES
Operating figures, equity and financial results for the period
| operating data | U.M. | 31/12/2021 | 31/12/2020 | Change | % change |
|---|---|---|---|---|---|
| Total number of analyses | no. | 1,098,505 | 1,142,720 | (44,215) | (3.9%) |
| Total number of samples | no. | 37,126 | 36,266 | 860 | 2.4% |
| Worksite inspections | no. | 15,577 | 14,904 | 673 | 4.5% |
| Number of projects | no. | 74 | 103 | (29) | (27.8%) |
| Number of EPC work sites | no. | 35 | 34 | 1 | 2.9% |
| Equity and financial results (€ million) | 31/12/2021 | 31/12/2020 | Change | % change |
|---|---|---|---|---|
| Revenues | 111.9 | 88.9 | 23.0 | 25.9% |
| Costs | 94.7 | 74.2 | 20.5 | 27.6% |
| EBITDA | 17.3 | 14.7 | 2.6 | 17.4% |
| Operating profit/(loss) (EBIT) | 10.5 | 10.3 | 0.3 | 2.7% |
| Average workforce | 441 | 373 | 68 | 18.1% |
| Capex | 9.9 | 6.6 | 3.2 | 48.7% |
| Net Financial Position | 28.1 | 31.1 | (3.0) | (9.7%) |
| EBITDA (€ million) | 31/12/2021 | 31/12/2020 | Change | % change |
|---|---|---|---|---|
| EBITDA - Engineering and Services Segment | 17.3 | 14.7 | 2.6 | 17.4% |
| EBITDA - Group | 1,256.1 | 1,155.5 | 100.6 | 8.7% |
| Percentage weight | 1.4% | 1.3% | 0.1 p.p. |
Year review
This Segment closed 2021 with an EBITDA of € 17.3 million, for an increase of € 2.6 million compared to the previous year. This increase mainly comes from the change in the scope of consolidation of SIMAM acquired in May 2020 (+€ 3.0 million). Apart from Acea Elabori, the Segment also includes Ingegnerie Toscane, an engineering company consolidated with the equity method that provides technical support services in the water-environmental sector, TWS, a company that operates mainly in the construction and renovation of works instrumental to the operation of the Integrated Water Service, and in particular of water treatment plants — drinking water and wastewater — as well as design and engineering services as they relate to plant construction. These companies recorded EBITDA of € 4.2 million, € 3.4 million, € 1.5 million, respectively.
The average number of staff at 31 December 2021 was 441, an increase of 68 people compared to 31 December 2020 (373). This increase is mainly attributable to the entry into the scope of the SIMAM Group (+40 employees).
Investments amounted to € 9.9 million, an increase of € 3.2 million compared with the previous year, of which € 0.8 million for the consolidation of SIMAM and € 2.4 million attributable to Acea Elabori, mainly due to the design and implementation of processes and new systems as well as extraordinary maintenance work on the Grottarossa site and equipment for the analysis laboratory.
The net financial position at 31 December 2021 was € 28.1 million, an improvement of € 3.0 million compared to 31 December 2020.
This change is directly attributable to Acea Elabori as a result of the requirements generated by changes in working capital.
Significant events for the 2021 financial year
No significant events are reported during the period observed.