ERG in Brief
The ERG Group has been active in the energy industry for over 70 years.
Through its subsidiary ERG Renew S.p.A., it is the largest wind energy producer in Italy (1,062 MW) and the ninth largest in Europe (1,232 MW). It is active in the production and marketing of thermoelectric energy and steam.
The Group also maintains a strategic presence in Oil Marketing through the joint venture TotalErg (51% ERG) and it is also active in refining and logistics through its share of the ISAB Refinery in Priolo (20%) and of the Sarpom Refinery in Trecate (24% TotalErg).
ERG in a nutshell (as at 31 December 2012)
|EBITDA at adjusted replacement cost*||million Euro||458|
|Consolidated revenues||million Euro||8,288|
|Electricity production||million KWh||8,219|
|from wind farms||million KWh||1,222|
|CO2 avoided (by using renewable energy sources)|| |
|Employees at year-end||number||613|
|Net income at replacement cost*||million Euro||12|
|Net invested capital||million Euro||2,484|
|Adjusted net financial indebtedness**||million Euro||722|
|Investments adjusted*||million Euro||126|
|Maximum market capitalisation||million Euro||1,345|
*the results at replacement cost do not include gains (losses) on inventory and non characteristic items. EBITDA at adjusted replacement cost takes into account, for the portion pertaining to ERG, the added contribution from the results of TotalErg (company in joint venture with Total), LUKERG Renew (company created in joint venture with LUKOIL EcoEnergo) and ISAB S.r.l.
** it also includes the contribution attributable to ERG of the net financial position of the joint ventures
*** TotalErg results, joint venture with Total for the portion attributable to ERG (51%)
2013 - 2015 investments plan
|Million Euro||Total 2013 - 15||%|
|Refining & Marketing||140||28%|