(Reuters) -Italian utility ACEA raised its forecast for 2025 core profit growth to between 6% and 8% on Thursday, compared to a previously guided 2-3% increase, after restating last year's results in
Italy's ACEA restates 2024 results, raises guidance to reflect energy unit sale
(Reuters) -Italian utility ACEA raised its forecast for 2025 core profit growth to between 6% and 8% on Thursday, compared to a previously guided 2-3% increase, after restating last year's results in light of the upcoming sale of its energy arm.
In June, the Rome-based utility said it would sell ACEA Energia to larger peer Eni's Plenitude unit for 588.5 million euros ($691.4 million).
It restated 2024 full-year core profit to 1.28 billion euros, instead of the initially reported 1.43 billion, to exclude the unit's results that will be reported under "discontinued operations" until the sale is closed.
ACEA's core profit, or earnings before interest, taxes, depreciation and amortisation, jumped 12% to 731 million euros in the first half of 2025.
($1 = 0.8512 euros)
(Reporting by Romolo Tosiani, Gaia Neiman in Gdansk; Editing by Milla Nissi-Prussak)
