Q2 2025 ERG SpA Earnings Call Transcript
Key Points
- ERG SpA (FRA:ER9) reported a positive EBITDA growth in Q2 2025, reaching EUR128 million, an increase of 11% year-on-year.
- The company successfully completed its first battery storage plant in Berri, Sicily, enhancing its flexibility in energy management.
- ERG SpA (FRA:ER9) secured a long-term PPA with A2A, covering 90% of expected production from the Castelvetrano Salemi wind farm.
- The company was awarded the largest part of the first auction launched by FS Group, securing PPAs with an aggregate amount of about 180-gigawatt hours per year.
- ERG SpA (FRA:ER9) maintained its top-tier position in sustainability, ranking first in the Identity Corporate Index and renewing its Gender Equality Certification in Italy.
- The first half of 2025 was impacted by much lower wind speeds across Europe, leading to a 3% year-on-year decline in EBITDA.
- Adjusted net profit for the first half of 2025 was down 22% year-on-year, attributed to lower EBITDA, higher depreciation, and financial charges.
- Investments in the first half of 2025 amounted to EUR143 million, significantly down from the previous year.
- The net financial position increased by 9% compared to the end of 2024, due to investments and a total distribution of dividends and buybacks.
- The company faced challenges in geographic diversification as the wind drought was widespread across Europe, reducing the effectiveness of its strategy.
(video playing)
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the ERG second-quarter 2025 results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Paolo Merli, CEO of ERG. Please go ahead sir.
Good afternoon, everyone, and welcome to our quarterly results presentation. Here with me, as usual, Michele, our CFO.
So let's get started with an overview of results over the period. I'm on page 4. First of all, let me put the results into context.
The first half of the year, including the second quarter, was characterized by much lower wind speed than last year and historical average. I'll soon share the results of a historical wind analysis conducted by our experts.
Against this backdrop in the first half, our EBITDA closed at EUR274 million, slightly down, minus 3% year-on-year. While looking at Q2, results got back to positive with EBITDA at EUR128 million plus
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
