May 11, 2020 / 1:26 PM / 18 days ago

Italy's A2A says to broadly meet 2020 forecasts despite COVID-19 impact

MILANO, May 11 (Reuters) - Italy’s A2A expects 2020 results to be broadly in line with the company’s forecasts despite the impact of the COVID-19 crisis which is set to become more evident in coming quarters, the regional utility said on Monday.

In answers to shareholders’ questions published on its website ahead of Wednesday’s closed-door annual general meeting, A2A also said it expected to maintain a “balanced capital structure.”

In answer to a question about possible mergers and acquisitions, A2A said the group was “currently monitoring and analysing several dossiers” also in light of market changes brought about by the pandemic.

A2A said it was looking in particular at the sectors where it intends to grow more such as environmental services, renewables and retail power and gas sales.

Reporting by Giancarlo Navach; editing by Valentina Za

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