Q4 16 adjusted EBITDA was €104m (+22% yoy), beating the Q3 guidance (at €440m) and consensus expectations. Net income was €24m (+19% yoy), above consensus and our estimates. 2017 guidance: - EBITDA at c. €430m, lower than the current consensus estimate (at €453m); - Net financial debt at €1.45bn; - Investments at €140m.
10 Mar 2017
Q4 16 beat expectations but cautious guidance for 2017
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Q4 16 beat expectations but cautious guidance for 2017
ERG S.p.A. (ER9:FRA) | 0 0 0.5% | Mkt Cap: 2,411m
- Published:
10 Mar 2017 -
Author:
Marzio Foa -
Pages:
2
Q4 16 adjusted EBITDA was €104m (+22% yoy), beating the Q3 guidance (at €440m) and consensus expectations. Net income was €24m (+19% yoy), above consensus and our estimates. 2017 guidance: - EBITDA at c. €430m, lower than the current consensus estimate (at €453m); - Net financial debt at €1.45bn; - Investments at €140m.