Negatively impacted by unfavourable wind conditions as well as EDP (but without the hydro dams to catch up) and a declining power price environment vs H1 22, ERG revised downwards its EBITDA guidance for 2023 from €500-550m to €480-520m.

28 Jul 2023
H1 23: weaker wind conditions lead to a profit warning

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H1 23: weaker wind conditions lead to a profit warning
- Published:
28 Jul 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
2 -
Negatively impacted by unfavourable wind conditions as well as EDP (but without the hydro dams to catch up) and a declining power price environment vs H1 22, ERG revised downwards its EBITDA guidance for 2023 from €500-550m to €480-520m.