Guidance for EBITDA 2015 is confirmed at €350m. Net debt is confirmed at €600m (excluding the acquisition of E.on's Italian hydro assets and French and German wind farms). Q3 adjusted revenues were €216m (-16% yoy). Adjusted RC EBITDA was below expectations, at €66m (-17% yoy). By division: 1) Renewables: EBITDA was €45m (-13% yoy), affected by poor wind conditions in Italy (production in Italy -19% yoy, to 361GWH), somewhat offset by new capacity in France (57GWH vs.
12 Nov 2015
Q3 results; ongoing geographical diversification of ERG Renew
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 results; ongoing geographical diversification of ERG Renew
ERG S.p.A. (ER9:FRA) | 0 0 0.5% | Mkt Cap: 2,411m
- Published:
12 Nov 2015 -
Author:
Marzio Foa -
Pages:
2
Guidance for EBITDA 2015 is confirmed at €350m. Net debt is confirmed at €600m (excluding the acquisition of E.on's Italian hydro assets and French and German wind farms). Q3 adjusted revenues were €216m (-16% yoy). Adjusted RC EBITDA was below expectations, at €66m (-17% yoy). By division: 1) Renewables: EBITDA was €45m (-13% yoy), affected by poor wind conditions in Italy (production in Italy -19% yoy, to 361GWH), somewhat offset by new capacity in France (57GWH vs.