Erg, Ebitda at 535 million. Off to the replace of the commercial plan | EUROtoday

Listen to the audio model of the article

Erg closes 2024 with an Ebitda at 535 million euros, considerably consistent with the 534 million of the identical interval of 2023, due to the contribution of the investments made within the 12 months, which have made it attainable to compensate for terribly unfavorable wind situations; The clear resurrence stood at 175 million (towards 226 of 2023) and revenues had been 738 million (741 in 2023).

The group’s board, which authorized the stability of final 12 months, additionally proposed a dividend of 1 euro per share and launched the updating of the commercial plan for the interval 2025-2026 by strengthening the strategy worth over quantityaimed toward maximizing the return of investments, based mostly “on selective and flexible growth, capable of seizing the most value business opportunities”.

Venza for lower than 2024

The outcomes of 2024 “and, in particular, of the last quarter – said Paolo Merli, CEO of Erg – have affected a windiness widely less than last year and to the historical averages of the period. This phenomenon, at the level of operating margin, has been entirely compensated by the contribution of the new installed capacity, grown by about 580 megawatts, of which over 300 in the United States. In the year we also closed important PPA agreements (power purchase agreement) with industrial counterparties, to stabilize our revenues. Our rating investment Grade confirmed, we successfully issued a new Green Bond and signed the first loan with the Bei ».

In updating the 2024-26 plan, added Merli, “we now have strengthened the selective strategy worth over quantityalready launched final 12 months, lowering investments for the subsequent two years and specializing in the belongings presently underneath building, natural growth and repowering. Despite the decrease investments, we proceed to offer an Ebitda of over 600 million euros in 2026. We subsequently verify the annual dividend for 1 euro per share, sustaining the pliability of bettering remuneration to shareholders with additional buybacks “.

Regarding the strengthening of the worth over quantity«In consideration – specify to ERG – of the longer timing of the expectations concerning the approval of the Ferx decree (in assist of mature renewables, ndr), in addition to a cautious strategy within the USA, ready to raised perceive the rules of the brand new administration, the capexs had been lowered by 20%, within the interval 2024-2026, to 1 billion euros; Consequently, the expansion goal of the asset portfolio was set at 4.2 Gigawatt in 2026 (beforehand 4.5 gigawatt) ».