(Reuters) - Italian multi-utility Iren on Monday guided for a yearly core profit of 1.34 billion to 1.36 billion euros ($1.45 billion to 1.47 billion) and said it was buying rest of EGEA Holding ahead
Iren Forecasts $1.47 Billion Core Profit by 2025
(Reuters) - Italian multi-utility Iren on Monday guided for a yearly core profit of 1.34 billion to 1.36 billion euros ($1.45 billion to 1.47 billion) and said it was buying rest of EGEA Holding ahead of schedule.
Its earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.27 billion euros in 2024, just above its target of 1.25 billion, buoyed by growth in regulated businesses and expanded consolidation of Acquaenna and Sienambiente in Italy.
In a separate statement, Iren said it was exercising its option to buy the remaining 47.23% stake in EGEA for 74.8 million euros, ahead of the 2026 date it had previously estimated.
($1 = 0.9239 euros)
(Reporting by Enrico Sciacovelli in Gdansk, editing by Milla Nissi)
