Endesa Delivers 1H Results Above Expectations and Unexpectedly Confirms Its Full-Year Guidance
Endesa delivered half-year results above consensus expectations while unexpectedly reiterating its full-year EBITDA and net income guidance, which we expected to be lowered given a weak first quarter. EBITDA was down by 19% organically during the first half, strictly in line with the trend of the first quarter. Net income decreased by 12% after the 27% fall in the first quarter. However, management provided a credible plan to recoup the delay taken in the first half and achieve full-year guidanc...Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
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