15 May 2023

1Q 2023: Results stable yoy - €500-550m EBITDA guidance confirmed

ERG S.p.A (ERG:BIT), 0 | ERG S.p.A. (ERG:MIL), 0

- Pierre-Alexandre Ramondenc
- 3 pages

ERG beat the consensus with an EBITDA down by 1% at €164m; this was higher than our expectations and those of the consensus at €135-136m. The EBITDA guidance was confirmed in a €500-550m range whilst capex will be €100m higher to €500-600m from €400-500m and the adjusted net debt will up by a similar amount to €1.4-1.5bn.

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1Q 2023: Results stable yoy - €500-550m EBITDA guidance confirmed

ERG S.p.A (ERG:BIT), 0 | ERG S.p.A. (ERG:MIL), 0

Published: 15 May 2023
Author: Pierre-Alexandre Ramondenc
Pages: 3

ERG beat the consensus with an EBITDA down by 1% at €164m; this was higher than our expectations and those of the consensus at €135-136m. The EBITDA guidance was confirmed in a €500-550m range whilst capex will be €100m higher to €500-600m from €400-500m and the adjusted net debt will up by a similar amount to €1.4-1.5bn.