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ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

18.45EUR
4:39pm BST
Change (% chg)

€0.16 (+0.87%)
Prev Close
€18.29
Open
€18.35
Day's High
€18.54
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€18.29
Volume
341,575
Avg. Vol
307,989
52-wk High
€19.99
52-wk Low
€15.57

Latest Key Developments (Source: Significant Developments)

ERG CEO says likelihood of M&A this year quite high
Wednesday, 15 May 2019 

May 15 (Reuters) - ERG SpA CEO says in conference call::NO M&A TRANSACTION IN OUR FORECASTS BUT IF YOU LOOK AT WHAT HAS HAPPENED OVER LAST 5 YEARS THE LIKELIHOOD OF M&A THIS YEAR IS QUITE HIGH.  Full Article

ERG SpA Q1 Adjusted Net Profit Down At EUR 54 Mln
Wednesday, 15 May 2019 

May 15 (Reuters) - ERG SpA ::Q1 ADJUSTED NET PROFIT EUR 54 MILLION VERSUS EUR 56 MILLION YEAR AGO.Q1 CORE BUSINESS REVENUE EUR 296 MILLION VERSUS EUR 284 MILLION YEAR AGO.SAYS CONFIRMS 2019 GUIDANCE.  Full Article

ERG SpA Completes Acquisition Of 100 Pct Of Craiggore Energy
Thursday, 2 May 2019 

May 2 (Reuters) - ERG SpA ::VIA ITS UNIT COMPLETES ACQUISITION OF 100% OF SHARES OF CRAIGGORE ENERGY LTD FROM RES.CRAIGGORE ENERGY HOLDS AUTHORISATIONS FOR CONSTRUCTION OF WIND FARM IN COUNTY LONDONDERRY, NORTHERN IRELAND.TOTAL INVESTMENT ESTIMATED FOR CONSTRUCTION OF WIND FARM IS C. £37 MILLION, WHICH ALREADY INCLUDES ACQUISITION PRICE PAID.  Full Article

Erg FY Net Profit Down At Eur 107 Mln
Thursday, 7 Mar 2019 

March 7 (Reuters) - ERG SpA ::Q4 REVENUES FROM ORDINARY OPERATIONS EUR 261 MILLION VERSUS EUR 289 MILLION YEAR AGO.PROPOSED DIVIDEND PER SHARE OF EURO 0.75.FY NET PROFIT EUR 107 MILLION VERSUS EUR 117 MILLION YEAR AGO.SEES 2019 EBITDA RANGING BETWEEN 495 AND 515 MILLION EURO.SEES 2019 NET DEBT BETWEEN 1,360 AND 1,440 MILLION EURO, INCLUDING INVESTMENTS WHICH WILL TOTAL BETWEEN 340 AND 370 MILLION EURO.  Full Article

ERG Finalises Acquisition Of 78.5 Pct Stake In Two Photovoltaic Plants
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - ERG SpA ::FINALISED ACQUISITION OF 78.5% STAKE IN TWO PHOTOVOLTAIC PLANTS (51.4 MW).  Full Article

ERG To Buy 78.5 Pct Stake In Two Photovoltaic Plants Of Total Capacity of 51.4 MW
Friday, 11 Jan 2019 

Jan 11 (Reuters) - ERG SpA ::BUYS A 78.5% STAKE IN TWO PHOTOVOLTAIC PLANTS (51.4 MW).HAS SIGNED AGREEMENT WITH SOLES MONTALTO TO ACQUIRE 78.5% OF PERSEO.PERSEO IS 100% OWNER OF COMPANY THAT MANAGES TWO PHOTOVOLTAIC POWER FACILITIES.THE TRANSACTION’S ENTERPRISE VALUE AMOUNTS TO APPROXIMATELY 221 MILLION EURO.THE TRANSACTION CLOSING IS SCHEDULED TO TAKE PLACE IN THE FIRST QUARTER OF 2019.CEO SAYS ACQUISITION ALLOWS ERG TO BECOME ONE OF TOP FIVE PHOTOVOLTAIC OPERATORS IN ITALY.  Full Article

ERG: Q3 Adjusted Group Net Result Up At Eur 17 Mln
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - ERG SpA ::Q3 ADJUSTED GROUP NET RESULT EUR 17 MILLION VERSUS RESTATED EUR 16 MILLION A YEAR AGO.Q3 REVENUE FROM ORDINARY OPERATIONS EUR 250 MILLION VERSUS EUR 225 MILLION YEAR AGO.EXPECTS WIND POWER SECTOR TO POST NET DOWNTURN IN OVERALL EBITDA, ALSO IN VIEW OF POOR WIND CONDITIONS BOTH IN ITALY AND ABROAD DURING FIRST 9 MONTHS OF 2018.OVERALL FY 2018 EBITDA CONTINUES TO BE FORECAST WITHIN RANGE OF BETWEEN EUR 490 AND 500 MILLION, WITH GROWTH COMPARED TO 2017.SEES FY 2018 EBITDA WITHIN RANGE EUR 490 AND 500 MILLION, DESPITE DECREASING INCENTIVISED PERIMETER IN ITALIAN WIND POWER SECTOR AND LOWER INCENTIVE PRICE AS REGARDS BOTH WIND AND HYDRO.  Full Article

Unicredit Completes Placememt Of Shares Equal To About 4 Pct Of ERG's Ordinary Share Capital
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Unicredit ::COMPLETES PLACEMEMT OF SHARES EQUAL TO APPROXIMATELY 4% OF ERG'S ORDINARY SHARE CAPITAL.GROSS PROCEEDS AMOUNT TO ABOUT EUR 111.84 MILLION, FROM SALE OF 6,012,800 ORDINARY SHARES OF ERG, AT A PRICE OF EUR 18.60 PER SHARE.  Full Article

ERG Secondary ABO: Books Covered, Pricing Guidance To Follow On Accelerated Bookbuild Offering - Bookrunner
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Bookrunner (ERG SECONDARY ABO)::BOOKRUNNER SAYS BOOKS COVERED, PRICING GUIDANCE TO FOLLOW ON ACCELERATED BOOKBUILD OFFERING OF 6 MILLION SECONDARY SHARES.  Full Article

ERG Acquires Two Wind Farms And Development Company In France
Friday, 6 Apr 2018 

Apr 9 (Reuters) - ERG ::SAID ON FRIDAY ACQUIRED TWO WIND FARMS FOR TOTAL 26 MW AND DEVELOPMENT COMPANY IN FRANCE WITH A PIPELINE OF ABOUT 750 MW.TOTAL DEAL VALUE IS EUR 57 MLN OUT OF WHICH ABOUT EUR 17 MLN ARE RELATED TO PROJECT FINANCING.THE AGREEMENT, WITH REFERENCE TO THE PIPELINE, ALSO PROVIDES AN "EARN-OUT" MECHANISM IN FAVOUR OF THE SELLER FOR A MAX. AMOUNT OF AROUND EUR 5 MILLION .THE DEAL IS EXPECTED TO BE CLOSED IN THE Q2 .  Full Article

Italy - Factors to watch on June 19

The following factors could affect Italian markets on Wednesday.