Corrected: BUZZ-Elia rises after FY guidance upgrade

Elia SA

29/11/2024 09:03

(Corrects company name in headline, no change to text.)
    ** Shares in Elia Group  ELI.BR  are up 2%, gaining steam
after opening slightly in red, as the grid operator raised FY
net income guidance
    ** The Belgian company expects net income at the upper end
of the 355-395 mln euros range ($376-418 million), which
compares to an estimate of 375.5 mln euros cited by a trader
    ** ING says the upgrade is "a small deviation from the
guidance"; estimates the upside at about 5-10 mln euros net
    ** Degroof Petercam says it is "pleased" to see guidance
upgrade that implies the net results would land somewhat higher
than the broker's current estimate
    ** Elia shares are among top performers on Belgium's
blue-chip index BEL 20  .BFX 
    

($1 = 0.9453 euros)

 (Reporting by Piotr Lipinski)
 ((piotr.lipinski@tr.com))