2005 - 2006 - Pinsent Masons Water Yearbook 2012

ITALY PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
ASM brescia SPA
Azienda dei Servizi Municipalizzati (ASM) Brescia was founded in 1908 by the city’s municipality,
which sold 28% of its shares in July 2002. The remainder are held by the local commune and some
related entities. A second share sale is currently under consideration. Water supply services have
been offered since 1933 and wastewater and sewerage since 1995. In 2001, the company provided
51.3 million m 3 of water to 513,000 people in 49 communes, while treating 36.3 million m 3 of sewage
effluent, the population equivalent of 434,000 people. In 2004, 58 million m 3 water was provided, 43
million m 3 of sewerage collected and 37 million m 3 of effluents treated with a total treatment capacity
of 40 million m 3 .
In 2003, ASM acquired the water and wastewater activities of Valgas and ASVT, adding
approximately 50,000 people to the number served at the time of its partial privatisation.
ASM Brescia, profit and loss account
Y/E 31/12 (€ million) 2001 2002 2003 2004
Turnover - Water supply 36.9 43.5 52.2 50.0
Total turnover 650.3 785.2 854.2 1,237.6
Operating income 134.4 105.4 154.8 176.3
Net income 77.7 63.0 96.5 112.8
Earnings per share (€) N/A 0.087 0.131 0.153
In 2004, ASM merged with the Municipality of Bergamo’s Bergamo Ambiente Servizi (BAS). BAS has
44,000 water and sewerage customers, providing 31 million m 3 of water, collecting 17 million m 3 of
sewage and treating 9 million m 3 of sewage in 2004.
€204 million be will invested on water services by the combined entity between 2005 and 2009, with
water revenues forecast to increase to €83 million by 2009, partly through combining the two ATOs
and also through an annual 5.7% tariff rise.
Contact Details
Name: ASM Brescia Spa
Address:
Via Lamarmora 230,
25124 Brescia, Italy
Tel: +390-303-5531
Fax: +390-303-553204
Web: www.asm.brescia.it
Renzo Capra (Chairman)
Elio Tomasoni (General Manager)
Luciano Aletto (Central Manager)
312 Pinsent Masons Water Yearbook 2005 – 2006