Italy's ERG stumbles on "weak" 2024 guidance

ERG

13/03/2024 09:27

** Shares in ERG  ERG.MI  fall as much as 8.4% after the
Italian power producer posted a 2024 guidance that Equita
analysts see as weak, even though they say its FY 2023 results
were above expectations
    ** Equita analysts warn of "weak indications" in the
guidance, particularly regarding the level of exposition to
power prices, expecting a negative reaction from the market
    ** Shares of the Italian energy group are on track for its
worst day since July 2023

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ERG    https://tmsnrt.rs/3ThSgdi
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 (Reporting by Philippe Leroy Beaulieu, Stefano Bernabei)
 ((philippe.leroybeaulieu@tr.com))