Erg released a robust set of Q3 results. Weaknesses in the group’s wind power activities – due to lower wind speeds and lower incentivised output – were more than offset by stronger results in the hydro business and the contribution of the new solar business. The group reiterated its FY18 objectives. We will slightly raise our forecasts while we stick to our Add recommendation.
14 Nov 2018
Strong hydro conditions offset lower wind speeds in Q3 18
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Strong hydro conditions offset lower wind speeds in Q3 18
ERG S.p.A. (ER9:FRA) | 0 0 0.5% | Mkt Cap: 2,411m
- Published:
14 Nov 2018 -
Author:
Edouard Enault -
Pages:
3
Erg released a robust set of Q3 results. Weaknesses in the group’s wind power activities – due to lower wind speeds and lower incentivised output – were more than offset by stronger results in the hydro business and the contribution of the new solar business. The group reiterated its FY18 objectives. We will slightly raise our forecasts while we stick to our Add recommendation.