EBITDA was €504m and the adjusted group net result €104m, both roughly in line with the consensus. Growth was mainly driven by the new 198MW installed, and the supportive wind conditions. The FY20 EBITDA guidance is €500-520m versus €522m in our model. Overall, even if we will revise our forecast slightly downwards, we confirm our positive view on the stock.
11 Mar 2020
FY19 results as expected; growth driven by new MW installed
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FY19 results as expected; growth driven by new MW installed
ERG S.p.A. (ER9:FRA) | 0 0 0.5% | Mkt Cap: 2,411m
- Published:
11 Mar 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
EBITDA was €504m and the adjusted group net result €104m, both roughly in line with the consensus. Growth was mainly driven by the new 198MW installed, and the supportive wind conditions. The FY20 EBITDA guidance is €500-520m versus €522m in our model. Overall, even if we will revise our forecast slightly downwards, we confirm our positive view on the stock.