Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
Iren forecasts a core profit of up to $1.47 billion by 2025 and accelerates its acquisition of EGEA. EBITDA for 2024 slightly exceeded the target.
(Reuters) - Italian multi-utility Iren on Monday guided for a yearly core profit of 1.34 billion to 1.36 billion euros ($1.45 billion to 1.47 billion) and said it was buying rest of EGEA Holding ahead of schedule.
Its earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.27 billion euros in 2024, just above its target of 1.25 billion, buoyed by growth in regulated businesses and expanded consolidation of Acquaenna and Sienambiente in Italy.
In a separate statement, Iren said it was exercising its option to buy the remaining 47.23% stake in EGEA for 74.8 million euros, ahead of the 2026 date it had previously estimated.
($1 = 0.9239 euros)
(Reporting by Enrico Sciacovelli in Gdansk, editing by Milla Nissi)
The article discusses Iren's forecasted core profit of up to $1.47 billion by 2025 and its accelerated acquisition of EGEA.
Iren's EBITDA for 2024 slightly exceeded its target of 1.25 billion euros.
Iren accelerated its acquisition of the remaining 47.23% stake in EGEA.
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