Here we go again. As in early 2021, ERG beat expectations in Q1 and upgraded its guidance by more than 12%. The 70% EBITDA growth was backed by better weather conditions and a higher asset base while net debt decreased significantly thanks to the hydro disposal, paving the way for intense M&A in the coming months. All lights are green.
16 May 2022
Q1 22: still no headwinds
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Q1 22: still no headwinds
- Published:
16 May 2022 -
Author:
Nicolas Bouthors -
Pages:
3
Here we go again. As in early 2021, ERG beat expectations in Q1 and upgraded its guidance by more than 12%. The 70% EBITDA growth was backed by better weather conditions and a higher asset base while net debt decreased significantly thanks to the hydro disposal, paving the way for intense M&A in the coming months. All lights are green.