(Reuters) -Italian water heating firm Ariston Holding on Wednesday reported a 17.9% rise in its nine-month adjusted operating profit to 114.1 million euros ($133.1 million), and said its 2025 revenue
Ariston Reports 18% Profit Surge, Projects 3% Revenue Growth by 2025
Ariston's Financial Performance and Future Outlook
(Reuters) -Italian water heating firm Ariston Holding on Wednesday reported a 17.9% rise in its nine-month adjusted operating profit to 114.1 million euros ($133.1 million), and said its 2025 revenue growth would be at the top end of its earlier guidance.
Profit Increase and Revenue Forecast
The company now expects organic net revenue growth of around 3% for the full year, after previously forecasting it in a range of 1% to 3%.
Investments in Infrastructure
"Thanks to the strength and capability of our organization, the delivery on the efficiency program and the capability to capture market opportunities we are progressively improving our trajectory," CEO Maurizio Brusadelli said in a press release.
Market Reaction to Earnings Report
Ariston is investing in the future, he added, after it launched the construction of a water heating plant in Italy and acquired another one in India.
The company's mid-term outlook remains unchanged, it said.
Shares of Ariston rose around 8% as of 1317 GMT following the earnings statement.
($1 = 0.8575 euros)
(Reporting by Laura Contemori; Editing by Milla Nissi-Prussak)
