On January 28, the “CFO Utilities Conference” was held in Milan, organized by Agici in collaboration with Accenture and Intesa Sanpaolo – IMI Corporate & Investment Banking Division. The conference, attended by CFOs of Italy’s leading utilities, presented the 2026 Utilities Report.
In 2025, the Italian utilities sector maintained high levels of investment, but with increasingly selective and targeted strategies.
Industrial decisions are focused on renewables, supply security, and infrastructure resilience, in a context that requires balancing the energy transition with financial sustainability. Investments are growing particularly for energy groups and network operators, while multi-utilities are focusing on higher quality organic investments. Economic results show increasing revenues and profits, alongside a slight decline in margins and rising debt, consistent with the financial needs for investment.
Finally, the report highlights that strategic vision and regulatory stability will be key factors for the future of the sector
