ERG S.p.A. (BIT:ERG)

ERG S.p.A. Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	738.07	740.94	713.84	601.41	856.09
Other Revenue	-	-	-	0.04	6.29
Revenue	738.07	740.94	713.84	601.45	862.38
Revenue Growth (YoY)	-0.39%	3.80%	18.69%	-30.26%	-15.81%
Operations & Maintenance	57.29	45.57	39.85	33.69	38.04
Selling, General & Admin	0.55	0.45	0.48	0.32	0.32
Depreciation & Amortization	189.23	157.08	176.69	156.18	193.53
Amortization of Goodwill & Intangibles	77.61	67.78	58.74	50.11	54.27
Provision for Bad Debts	-	-	-	8.42	0.44
Other Operating Expenses	156.64	169.69	160.99	175.4	407.99
Total Operating Expenses	481.32	440.56	436.74	424.12	694.6
Operating Income	256.74	300.38	277.1	177.32	167.79
Interest Expense	-69.82	-48.03	-37.66	-34.45	-44.44
Interest Income	27.01	18.49	2.02	3.32	2.65
Net Interest Expense	-42.8	-29.54	-35.64	-31.13	-41.79
Income (Loss) on Equity Investments	-2.01	5.39	2.29	0.54	0.34
Currency Exchange Gain (Loss)	0.86	-0.02	0.05	0.25	-0.14
Other Non-Operating Income (Expenses)	26.23	24.97	6.88	-0.84	-5.53
EBT Excluding Unusual Items	239.01	301.18	250.68	146.14	120.67
Total Merger & Restructuring Charges	-	-2	-0.9	-0.6	-
Gain (Loss) on Sale of Assets	-	-	-	-	61.43
Asset Writedown	-11.03	-	-43.19	-22.02	-8.09
Insurance Settlements	-	-	-	-	4.7
Other Unusual Items	-4.57	-9.05	-20.06	-5.58	-61
Pretax Income	223.42	290.14	186.54	117.94	117.71
Income Tax Expense	33.7	74.06	97.57	31.98	8.17
Earnings From Continuing Ops.	189.72	216.07	88.97	85.96	109.54
Earnings From Discontinued Ops.	-	-35.58	294.13	88.49	-
Net Income to Company	189.72	180.5	383.1	174.45	109.54
Minority Interest in Earnings	-2.63	-1.83	-4.16	-1.55	-1.66
Net Income	187.09	178.67	378.94	172.9	107.89
Net Income to Common	187.09	178.67	378.94	172.9	107.89
Net Income Growth	4.71%	-52.85%	119.17%	60.26%	241.92%
Shares Outstanding (Basic)	146	149	150	149	149
Shares Outstanding (Diluted)	146	149	150	149	149
Shares Change (YoY)	-2.06%	-0.16%	0.33%	0.16%	-0.04%
EPS (Basic)	1.28	1.20	2.53	1.16	0.72
EPS (Diluted)	1.28	1.20	2.53	1.16	0.72
EPS Growth	6.92%	-52.77%	118.45%	60.00%	242.06%
Free Cash Flow	256.12	582.43	353.79	-45.92	305.03
Free Cash Flow Per Share	1.75	3.90	2.37	-0.31	2.05
Dividend Per Share	1.000	1.000	1.000	0.900	0.750
Dividend Growth	-	-	11.11%	20.00%	-
Profit Margin	25.35%	24.11%	53.09%	28.75%	12.51%
Free Cash Flow Margin	34.70%	78.61%	49.56%	-7.63%	35.37%
EBITDA	511.49	515.54	503.88	377.2	465.54
EBITDA Margin	69.30%	69.58%	70.59%	62.72%	53.98%
D&A For EBITDA	254.75	215.15	226.78	199.88	297.76
EBIT	256.74	300.38	277.1	177.32	167.79
EBIT Margin	34.79%	40.54%	38.82%	29.48%	19.46%
Effective Tax Rate	15.08%	25.53%	52.31%	27.12%	6.94%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.