Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
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ERG's Q1 core profit dropped 12% due to low wind volumes. The company confirmed its 2025 guidance, with net profit also falling by 37% due to higher expenses.
(Reuters) -Italy's renewable energy company ERG on Thursday reported a 12% fall in its first-quarter adjusted core profit, citing lower wind volumes caused by exceptionally unfavourable wind conditions across Europe and Italy.
Group's quarterly core profit fell to 145 million euros ($162.43 million) from 165 million euros the previous year.
Erg net profit fell 37% from a year ago to 49 million euros, also due to higher financial expenses, the group owned by the Garrone family said.
It confirmed the 2025 guidance, which includes core profit in the range of 540 million euros to 600 million euros, and a capital expenditure of up to 240 million euros.
($1 = 0.8927 euros)
(Reporting by Alberto ChiumentoEditing by Tomasz Janowski)
The article discusses ERG's 12% drop in Q1 core profit due to unfavorable wind conditions and confirms its 2025 financial guidance.
ERG's net profit fell by 37% due to higher financial expenses and lower wind volumes impacting revenue.
ERG confirmed its 2025 guidance, projecting core profit between 540 million to 600 million euros and capital expenditure up to 240 million euros.
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