EDF's Profit Warning Reflects Cash Flow Uncertainty; Share Price Reaction Is Excessive
Electricite de France lowered its 2018 EBITDA target from EUR 15.2 billion to EUR 14.6 billion-EUR 15.3 billion and raised its 2018 investments by EUR 0.5 billion. Bottom line, the group is canceling its neutral free cash flow target set in early 2014, reflecting the company's uncertain outlook and difficulty reining in capital spending. The cancellation of the 2017 and 2018 targets one year after they were set, and a month and a half after they were reiterated, diminishes management's credibili...Electricite de France is an integrated energy company with a presence in a range of electricity-related businesses: nuclear, renewable and fossil-fuel fired energy production, transmission, distribution, marketing as well as energy management and efficiency services, along with energy trading. Co. is an integrated energy company engaged in all aspects of the energy business: generation, transmission, distribution, supply and trading of energies. Co. is an electricity operator in France and abroad. The breakdown used by Co. for its activities is as follows: France; United Kingdom; Italy; Other International; and Other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.