Latest news with #core profit
Reuters
2 days ago
- Business
- Reuters
UK office space provider IWG expects annual profit towards lower end of forecast
Aug 19 (Reuters) - British office space provider IWG (IWG.L), opens new tab said on Tuesday it expects annual adjusted core profit to be towards the lower end of its forecast, sending shares 15% lower, despite an increased buyback target and higher first-half profit. The company reiterated its overall forecast for adjusted core profit at $525 million to $565 million for the year, but said further investments in its managed and franchise segment could keep earnings at the lower end of its range. IWG, the owner of the Spaces and Regus brands, posted a 6% rise in first-half adjusted core profit of $262 million. It also announced a new share buyback target of at least $130 million for 2025, compared with an earlier goal of $100 million. The global office rental firm said its managed and franchise business reported a 26% growth in revenue to $361 million, lifting total system revenue to $2.16 billion for the six months ended June 30.
Reuters
24-07-2025
- Business
- Reuters
Italy's ACEA restates 2024 results, raises guidance to reflect energy unit sale
July 24 (Reuters) - Italian utility ACEA ( opens new tab 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 ( opens new tab 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)
