Comments on the year's performance

In 2011, adjusted revenues amounted to 11,145 million, up from 2010, mainly as a result of the higher sale prices.
The EBITDA at adjusted replacement cost amounted to EUR 284 million, compared with EUR 305 million in 2010.

Results highlights

Highlights by Segment

Corporate Governance Report

The current governance structure of ERG S.p.A. (hereafter, also the “Company”) has been developed over time by gradually introducing, into the ERG corporate approach, rules of conduct reflecting the most advanced, recognised principles of corporate governance.

Corporate Governance Report

Statutory Bodies

Health, Safety, and Environment

Guaranteeing the safety of operations and worker health and protecting the environment are priorities in the financial, social and environmental sustainability of ERG. Risk prevention and management are essential in the implementation of this policy.


Human Resources