0833 GMT - Eni's 2024 adjusted net profit and adjusted operating profit missed consensus expectations by 7% and 10% respectively, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. This was due to seasonally higher non-cash costs, the effect of the Ithaca merger and slightly higher taxes, they write. The Italian energy major's mobility-transformation company, Enilive, reported one of the largest divisional misses to expectations. It reported earnings before interest and tax of 56 million euros versus expectations of 110 million euros as volumes and margins in its biofuels unit dragged on its results, the analysts write. Shares fall 1% to 14.12 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 03:35 ET (08:35 GMT)
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