Italy's A2A raises profit guidance for 2024, dividend growth forecast through 2035
Nov 12 (Reuters) -Italy's A2A A2.MI raised its 2024 core and net profit guidance for 2024 again after posting a around 70% rise in nine-month net profit on Tuesday.
The country's biggest regional utility also increased the yearly growth of the dividend it will pay over its 2024-2035 industrial plan.
A2A now sees core profit of 2.28 billion to 2.32 billion euros ($2.42 billion to $2.47 billion) versus its previous guidance of 2.18 billion to 2.22 billion euros.
It also expects net profit of 800 million to 820 million euros, rather than previous guidance of 700 million 720 million euros.
It now envisages its dividend per share to grow at least 4% annually over the life of its industrial plan, compared to previous growth of 3%.
($1 = 0.9403 euros)
Reporting by Alberto Chiumento; Editing by Christopher Cushing
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