Nov 14 (Reuters) - Italian energy company Erg (ERG.MI) , opens new tab on Thursday lowered its full-year core profit guidance, citing the impact of exceptionally low wind levels in the third quarter.

It now expects full-year earnings before interest, tax, depreciation and amortisation (EBITDA) between 520 and 560 million euros ($547-589 million), down from 520-580 million euros in its previous guidance.

The group confirmed a forecast of capital expenditure between 550-600 million euros and net financial debt of 1.75-1.85 billion euros for 2024.

Erg's quarterly adjusted EBITDA rose 4% to 109 million euros, it said in a statement.

The Italian group said it would launch a share buyback programme for up to 23 million euros.

($1 = 0.9498 euros)

Sign up here.

https://www.reuters.com/business/energy/erg-cuts-full-year-core-profit-guidance-after-low-wind-levels-q3-2024-11-14/