Last €10.54 EUR
Change Today +0.15 / 1.44%
Volume 186.5K
ERG On Other Exchanges
Symbol
Exchange
BrsaItaliana
OTC US
Frankfurt
As of 11:30 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

erg spa (ERG) Snapshot

Open
€10.37
Previous Close
€10.39
Day High
€10.63
Day Low
€10.36
52 Week High
05/2/14 - €12.13
52 Week Low
09/30/13 - €7.00
Market Cap
1.6B
Average Volume 10 Days
197.6K
EPS TTM
€0.95
Shares Outstanding
150.3M
EX-Date
05/19/14
P/E TM
11.1x
Dividend
€0.50
Dividend Yield
9.49%
Current Stock Chart for ERG SPA (ERG)

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erg spa (ERG) Details

ERG S.p.A., through its subsidiaries, is engaged in the generation of energy from renewable sources and thermoelectric plants; marketing of electricity, steam, and gas; and refining, marketing, and distribution of petroleum products in Italy and internationally. Its Renewable Energy Sources segment generates electricity from renewable sources in France, Bulgaria, Italy, Romania, and Germany. As of December 31, 2013, this segment had 1,340 MW of wind power in operation The company's Power and Gas segment is engaged in the production and marketing of electric energy, steam, and gas. It owns and operates a 528 MW capacity power plant fuelled by a synthesis gas obtained from a process of gasification of asphalt; and owns the North Plant with a capacity of 480 MW in Priolo, including a combined cycle plant fuelled by natural gas and other smaller facilities. Its Refining and Marketing segment is involved in downstream operations through a network of approximately 3,000 sale outlets. This segment sells fuel and specialties, including lubricants, LPG, and bitumen. It is also engaged in the logistics and refining business by providing storage and handling services for petroleum products. The company was founded in 1938 and is based in Genoa, Italy. ERG S.p.A. is a subsidiary of San Quirico S.p.A.

Founded in 1938

erg spa (ERG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €2.7M
Executive Deputy Chairman and Member of State...
Total Annual Compensation: €1.6M
Compensation as of Fiscal Year 2013.

erg spa (ERG) Key Developments

ERG SpA Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

ERG SpA reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total Revenue was EUR 986 million compared to EUR 1,686 million a year ago. EBITDA was EUR 256.5 million compared to EUR 81.1 million a year ago. EBITDA at adjusted replacement cost was EUR 132 million compared to EUR 120 million a year ago. EBIT at replacement cost was EUR 67 million compared to EUR 55 million a year ago. EBIT at adjusted replacement cost was EUR 66 million compared to EUR 47 million a year ago. Net income was EUR 89 million compared to loss of EUR 10 million a year ago. Group net profit at adjusted replacement cost was EUR 20 million compared to loss of EUR 2 million a year ago. Profit before taxes was EUR 193.8 million compared to loss of EUR 1.1 million a year ago. Group's net profit was EUR 79.1 million compared to loss of EUR 22.3 million a year ago. Net capital expenditures in financial fixed assets was EUR 0.2 million compared to EUR 12.9 million a year ago. Cash flows from operating activities was EUR 53.4 million compared to EUR 338 million a year ago. For the six months, the company's total Revenue was EUR 1,432.1 million compared to EUR 3,221.4 million a year ago. EBITDA was EUR 417 million compared to EUR 226.2 million a year ago. EBITDA at adjusted replacement cost was EUR 300 million compared to EUR 293 million a year ago. EBIT at replacement cost was EUR 176 million compared to EUR 163 million a year ago. EBIT at adjusted replacement cost was EUR 170 million compared to EUR 150 million a year ago. Net income was EUR 141 million compared to EUR 30 million a year ago. Group net profit at adjusted replacement cost was EUR 63 million compared to EUR 25 million a year ago. Profit before taxes was EUR 278.7 million compared to EUR 76 million a year ago. Group's net profit was EUR 116.2 million compared to EUR 3.1 million a year ago. Net capital expenditures in financial fixed assets was EUR 12.4 million compared to EUR 14.3 million a year ago. Cash flows from operating activities was EUR 123.5 million compared to EUR 153.1 million a year ago. Net financial debt was EUR 1,041 million compared to EUR 807 million as on December 31, 2014. Adjusted net financial debt was EUR 1,234 million compared to EUR 1,015 million as on December 31, 2014. In view of the first half results and expectations for the rest of the year, the company confirm the indication given to the financial community at the beginning of the year as regards fiscal year 2014 group EBITDA at replacement cost of approximately Euro 470 million (Euro 569 million in 2013). The comparison with 2013 must be made bearing in mind the strong discontinuities in terms of perimeter that have occurred during 2014 as a result of the above mentioned transaction involving ISAB Energy; without taking this into account, the company would see a further upward trend in the result.

ERG SpA, Board Meeting, Aug 07, 2014

ERG SpA, Board Meeting, Aug 07, 2014. Agenda: To consider and approve the earnings results for the second quarter and first half ended June 30, 2014.

E.ON Italia Reportedly Eyed By Many Bidders

E.ON SE (DB:EOAN) has put its Italian and Spanish assets on the block in two separate but simultaneous auctions as it aims to cut debt and restructure and tentative offers will be received worth about €2 billion for E.ON Italia S.p.A. early next week, Reuters reported citing people familiar with the matter. The assets include about 6 gigawatts (GW) of generation capacity, a stake in a liquefied natural gas (LNG) terminal as well as sales activities. Edison S.p.A. (BIT:EDNR) owned by Electricite de France SA (ENXTPA:EDF), ACEA S.p.A. (BIT:ACE), ERG SpA (BIT:ERG) are believed to bid for E.ON Italia S.p.A. Terra Firma Capital Partners Limited, Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) and First Reserve Corporation are also expected to hand in tentative offers by the August 11, 2014 deadline. GDF SUEZ S.A. (ENXTPA:GSZ) had also expressed interest in E.ON Italia S.p.A. and had been looking for advisors, but it remained unclear if it would be among the bidders. E.ON SE is now hoping to see fresh demand for its Italian unit, which it aims to sell for up to €3 billion while bidders are expected to put the price closer to €2 billion. E.ON SE and the potential bidders declined to comment, except for Edison S.p.A. and ACEA S.p.A. which were not immediately available for comment. Luca Bettonte, Chief Executive Officer of ERG SpA said on August 7, 2014 that the company was interested in certain deals in Italy to grow its renewable business.

 

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