Erg reported Q1 results in line with our expectations and the consensus. Good wind conditions and the scope effect after the acquisition of Andromeda more than offset the decline in hydropower generation mainly due to tough comps. Net financial debt increased by €171m to €1,514m after the acquisition of PV plants. Full-year guidance is confirmed.
15 May 2019
Good Q1 results backed by wind conditions and solar growth
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Good Q1 results backed by wind conditions and solar growth
ERG S.p.A. (ER9:FRA) | 0 0 0.5% | Mkt Cap: 2,411m
- Published:
15 May 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
Erg reported Q1 results in line with our expectations and the consensus. Good wind conditions and the scope effect after the acquisition of Andromeda more than offset the decline in hydropower generation mainly due to tough comps. Net financial debt increased by €171m to €1,514m after the acquisition of PV plants. Full-year guidance is confirmed.