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Analysis of the Other Services Segment

The other services segment, which includes public lighting, district heating, heat management and energy services weighs in at about 6.9% on the overall EBITDA of the Group, slightly up from the previous year.

(mln/)

31-Dec-2006

31-Dec-2007

Change

Change %

Area EBITDA

27.4

31.2

+3.8

+13.8%

Group EBITDA

426.7

453.4

+26.7

+6.3%

Percentage weight

6.4%

6.9%

+0.5 p.p.

An analysis of the operating results in the other services area is shown below:

Income statement
(mln/)

31-Dec-2006

Inc%

31-Dec-2007

Inc%

Change

Change %

Revenues

163.1

160.4

-2.7

-1.7%

Operating costs

(135.6)

-831%

(129.6)

-80.8%

-6.0

-4.4%

Personnel costs

(24.5)

-15.0%

(22.6)

-14.1%

-1.9

-7.8%

Capitalised costs

24.4

15.0%

23.0

14.4%

-1.4

-5.7%

EBITDA

27.4

16.8%

31.2

19.5%

+3.8

+13.9%

The revenues are down from the previous year, mainly due to the lower district heating volumes distributed.

As far as the rationalisation and reorganisation of the area carried out over the last years is concerned, which led to the progressive discontinuation of services not linked to the Group's core business activities, enabling it to focus on the efficiency and market development of the remaining business activities, it is worth mentioning the continuous increase in industrial micro generation projects as noted in the section regarding investments. These increases led to an increase in profits in the segment of Euro 31.2 million, despite the significant impact of the lower volumes of heat and electricity from district heating sold due to the particularly mild winter season already mentioned above.

The quantitative data of the main services carried out by the Group are summarised in the following table:

Quantitative data

31-Dec-2006

31-Dec-2007

Change

Change %

District heating

Heat volumes distributed (Gwht)

425.9

391.5

-34.4

-8.1%

Public lighting

Light units (thousand)

309.1

319.1

+10.0

+3.2%

Municipalities served

57

60

+3

+5.3%