Financials ERG S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 13:40:11 12/12/2024 GMT			5-day change	1st Jan Change
20.28 ^EUR	-0.20%		+1.60%	-29.73%

12-09	European futures indicate opening at parity	AN
12-06	Eurozone bourses in the green; up Moncler and Stellantis	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,022	995.6	1,243	749	741	767.5	865.5	901.4
Change	-	-2.55%	24.85%	-39.74%	-1.07%	3.58%	12.76%	4.15%
EBITDA ¹	503.7	480.8	580	537	520	541	602.9	624.8
Change	-	-4.55%	20.63%	-7.41%	-3.17%	4.04%	11.44%	3.62%
EBIT ¹	204.9	183.3	304	308	305	294.6	339.2	342.8
Change	-	-10.54%	65.85%	1.32%	-0.97%	-3.41%	15.13%	1.06%
Interest Paid ¹	-61.2	-47.1	-29	-37.66	-6	-23.25	-27.2	-31.2
Earnings before Tax (EBT) ¹	52.3	66.3	112	187	290	249.6	281.2	285.2
Change	-	26.77%	68.93%	66.96%	55.08%	-13.94%	12.67%	1.44%
Net income ¹	31.6	107.9	173	379	179	206.1	230.3	227.9
Change	-	241.46%	60.33%	119.08%	-52.77%	15.15%	11.73%	-1.02%
Announcement Date	11/03/20	12/03/21	15/03/22	15/03/23	13/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	233.4	-	283.9	224.6	224.2	262.9	280	245.5	264	447	216	164.3	191	187	213	156	156	220	218	168	170	-
Change	-	-100%	-	-20.89%	-0.18%	17.26%	6.5%	-12.32%	7.53%	69.32%	-51.68%	-23.92%	16.22%	-2.09%	13.9%	-26.76%	0%	41.03%	-0.91%	-22.94%	1.19%	-100%
EBITDA ¹	106.6	123.7	156.3	107	99.3	118.6	161	121	119	180	168	113	133	126	167	103	102	155	165	116	109	155
Change	-	16.04%	26.35%	-31.54%	-7.2%	19.44%	35.75%	-24.84%	-1.65%	51.26%	-6.67%	-32.74%	17.7%	-5.26%	32.54%	-38.32%	-0.97%	51.96%	6.45%	-29.7%	-6.03%	42.2%
EBIT ¹	29	47.8	81.5	32	24.9	44.8	93	54	50	107	114	56	75	64	111	50	50	101	105	49	43	94
Change	-	64.83%	70.5%	-60.74%	-22.19%	79.92%	107.59%	-41.94%	-7.41%	114%	6.54%	-50.88%	33.93%	-14.67%	73.44%	-54.95%	0%	102%	3.96%	-53.33%	-12.24%	118.6%
Charge d'intérêts ¹	-15	-	-13.4	-12	-12.6	-9.1	-8	-12.75	-7	-6	-6	-13	-6	-19.66	-	-2	-1	-	-	-	-9	-6
Earnings before Tax (EBT) ¹	-	-	66.9	20.4	-	-	-	-	-	-	92	-	-	-	98	-	-	-	-	-	34	-
Change	-	-	-	-69.51%	-100%	-	-	-	-	-	-	-100%	-	-	-	-100%	-	-	-	-	-20.59%	-100%
Net income ¹	4.5	25.2	52.4	20	-	40.9	63	27.35	9	71.65	388	316	-	-	76	3	-	-	-	-	25	67
Change	-	460%	107.94%	-61.83%	-100%	-	54.03%	-56.58%	-67.1%	696.08%	441.54%	-18.56%	-100%	-	-	-96.05%	-100%	-	-	-	-28%	168%
Announcement Date	14/11/19	11/03/20	14/05/20	31/07/20	11/11/20	12/03/21	14/05/21	30/07/21	12/11/21	15/03/22	13/05/22	04/08/22	10/11/22	15/03/23	12/05/23	28/07/23	14/11/23	13/03/24	15/05/24	02/08/24	14/11/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	508.5	525.5	380	382	386.1
Change	-	3.35%	-27.69%	0.53%	1.08%
EBITDA ¹	263	281	283	263	281
Change	-	6.84%	0.71%	-7.07%	6.84%
EBIT ¹	114	147	170	155	154
Change	-	28.95%	15.65%	-8.82%	-0.65%
Charge d'intérêts	-25.4	-20.75	-19	-5	-
Earnings before Tax (EBT)	87.3	-	-	-	-
Change	-	-100%	-	-	-
Net income	72.4	92.35	404.8	78.55	-
Change	-	27.56%	338.36%	-80.6%	-100%
Announcement Date	31/07/20	30/07/21	04/08/22	28/07/23	02/08/24

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,476	1,439	2,051	-	1,445	1,868	1,889	1,949
Change	-	-2.51%	42.53%	-	-	29.27%	1.12%	3.18%
Announcement Date	11/03/20	12/03/21	15/03/22	15/03/23	13/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
CAPEX ¹	431.9	156.1	647	489	522.4	332.3	350.9
Change	-	-63.86%	314.48%	-	6.83%	-36.39%	5.6%
Free Cash Flow (FCF) ¹	121	283.9	-120	12	-174.6	163.6	190
Change	-	134.63%	-142.27%	-	-1,555%	-193.67%	16.17%
Announcement Date	11/03/20	12/03/21	15/03/22	13/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	49.31%	48.29%	46.66%	71.7%	70.18%	70.49%	69.67%	69.31%
EBIT Margin (%)	20.06%	18.41%	24.46%	41.12%	41.16%	38.38%	39.19%	38.02%
EBT Margin (%)	5.12%	6.66%	9.01%	24.97%	39.14%	32.52%	32.49%	31.64%
Net margin (%)	3.09%	10.84%	13.92%	50.6%	24.16%	26.85%	26.61%	25.29%
FCF margin (%)	11.84%	28.52%	-9.65%	-	1.62%	-22.75%	18.9%	21.08%
FCF / Net Income (%)	382.91%	263.11%	-69.36%	-	6.7%	-84.71%	71.02%	83.35%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	5.75%	5.98%	10.46%	-	10.82%	9.97%	11.14%	10.25%
Financial Health
Leverage (Debt/EBITDA)	2.93x	2.99x	3.54x	-	2.78x	3.45x	3.13x	3.12x
Debt / Free cash flow	12.2x	5.07x	-17.09x	-	120.42x	-10.7x	11.55x	10.26x
Capital Intensity
CAPEX / Current Assets (%)	42.28%	15.68%	52.05%	-	65.99%	68.06%	38.4%	38.93%
CAPEX / EBITDA (%)	85.75%	32.47%	111.55%	-	94.04%	96.56%	55.11%	56.17%
CAPEX / FCF (%)	356.94%	54.98%	-539.17%	-	4,075%	-299.21%	203.18%	184.68%
Items per share
Cash flow per share ¹	3.714	2.956	3.53	-	3.356	3.06	-	-
Change	-	-20.42%	19.42%	-	-	-8.82%	-	-
Dividend per Share ¹	0.75	0.75	0.9	-	1	1.029	1.091	1.16
Change	-	0%	20%	-	-	2.89%	6.04%	6.32%
Book Value Per Share ¹	11.93	11.82	10.36	-	14.5	13.95	14.56	15
Change	-	-0.87%	-12.37%	-	-	-3.77%	4.37%	3.03%
EPS ¹	0.2123	0.7248	1.159	2.534	1.199	1.374	1.567	1.568
Change	-	241.4%	59.85%	118.76%	-52.69%	14.58%	14.08%	0.05%
Nbr of stocks (in thousands)	148,870	148,870	148,870	149,538	147,144	146,489	146,489	146,489
Announcement Date	11/03/20	12/03/21	15/03/22	15/03/23	13/03/24	-	-	-