A2A Q1 Net 143 mln euros vs restated pro forma 146 mln

        MILAN (Thomson Financial) - A2A SpA. said its net profit in the first
quarter was 143 million euros compared to a restated pro forma 146 million euros
in the same period last year.
    A Thomson Financial consensus pegged net profit at 134 million to 139
million euros.
    A2A was created in January this year from the merger of Milan utility AEM
SpA. and ASM Brescia SpA.
    A2A said its EBITDA in the first three months was 317 million euros compared
to a restated pro forma 316 million euros and a consensus of 341 million to 355
million euros.
    Sales in the period rose to 1.665 billion euros from a restated pro forma
1.537 billion euros on the back of higher volumes of power, gas and heat sold as
well as higher electricity prices.
    EBIT was 233 million euros from a restated pro forma 241 million euros.
    A2A said it expects its results in 2008 to be no lower than those achieved
in 2007.
    Debt at the end of March was 3.088 billion euros from a restated pro forma
3.349 billion euros.
stephen.jewkes@thomsonreuters.com
sj/lam

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