Italy's ERG 2025 adjusted EBITDA rises slightly, proposes dividend

ERG

12/03/2026 06:46

Overview

Italy renewable energy producer's 2025 adjusted EBITDA rose slightly yr/yr despite weak wind conditions

Adjusted group net profit declined yr/yr, impacted by higher depreciation and financial charges

Company proposed a EUR 1 per share dividend for 2025

Outlook

ERG sees 2026 EBITDA between EUR 520 mln and 590 mln

Company expects 2026 investments of EUR 330 mln to 380 mln

ERG forecasts 2026 net indebtedness between EUR 1,950 mln and 2,050 mln

Result Drivers

WEAK WIND CONDITIONS - Co said exceptionally low wind conditions limited revenue and output in 2025

NEW CAPACITY - Contribution from new assets in Italy and abroad helped offset weak wind conditions

HIGHER DEPRECIATION AND FINANCIAL CHARGES - Decline in adjusted group net profit attributed to higher depreciation and financial charges

Company press release: ID:nBIA5YlRpZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EBITDA
EUR 540 mln
FY Adjusted EBIT
EUR 326 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy."

Wall Street's median 12-month price target for ERG SpA is €23.40, about 5.3% below its March 11 closing price of €24.70

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)