Italy's ERG sees 2026 core profit at 520 million euros
12/03/2026 06:55
March 12 (Reuters) - Italy's renewable energy company ERG ERG.MI Thursday forecast a 2026 core profit between 520 and 590 million euros ($600 million to $681 million), after reporting 2025 profit at the lower end of its guidance range. Full-year net profit fell to 155 million euros, suffering from higher depreciation and amortization and financial charges ERG proposed an annual dividend of 1 euro per share Company expects 2026 investments between 330 and 380 million euros and net debt between 1,950 and 2,050 million euros Priorities for 2026 are the construction of 230 MW of wind and the development of 700 MW of assets, CEO Paolo Merli said To present long-term business plan by the end of 2026 and the beginning of 2027 ($1 = 0.8664 euros) (Reporting by Mirko Miorelli, editing by Matt Scuffham) ((Mirko.miorelli@thomsonreuters.com))