Oddo BHF - CORPORACION ACCIONA ENERGIAS RENOVABLES SA (ANE) Acciona Energia : H1 2024 results lower than expected on a recurring basis

Report

Oddo BHF

Louis Boujard, CFA ...

Philippe Ourpatian

Acciona Energia : H1 2024 results lower than expected on a recurring basis

>H1 2024 results lower than expected on a recurring basis - Last night the group reported H1 2024 performances that fell short of expectations on a recurring basis. Reported EBITDA came to € 419m vs € 480m expected. Reported EBIT came to € 198m (vs € 200m est.) but includes a net amount of € 45.6m relating to the reversal of the hydropower asset impairment (€ 75.6m) as well as the € 30m impairment for the modernisation of the Tahivilla wind farm in Cadiz. Acciona Ener...

30/07/2024 1 EN

Underlying

CORPORACION ACCIONA ENERGIAS RENOVABLES SA

See profile

ES0105563003 Spain

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

See profile

Analysts

Louis Boujard, CFA

Philippe Ourpatian

Other Reports on these Companies

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/09/2024

At the 15th edition of our Corporate Conference, hosted jointly by ODDO BHF and Commerzbank, the presenting corporates were still focused on the macroeconomic environment and the related impact on their sectors. Regionally, the US remains resilient at good levels, while China and Europe are lagging behind. Germany in particular is seen as sluggish. Hence, we observed a mixed picture across the 89 companies presenting at our conference. We were positively surprised by statements from a...

September 9, 2024 September 9, 2024 1 EN

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/09/2024

September 9, 2024 September 9, 2024 1 FR

Oddo BHF

ODDO : Curtailments in Brazil, limited impact on Iberdrola, Enel and EDP

>Recap of the announcement made by Votalia on 20 August - On 20 August, Voltalia announced that the Brazilian transmission network operator was imposing a sizeable curtailment on some parts of the network which will impact group 2024 EBITDA to the tune of € 40m, if these measures to reduce inflow continue over the next few months and if the group is not compensated financially. The curtailment on production volumes for Voltalia in the northeast portion of the network ...

September 9, 2024 September 9, 2024 1 EN

Electoral uncertainty and its economic effects

In the United States, election years are characterised by higher than normal uncertainty because the result of the vote can influence economic policy choices. This uncertainty tends to increase as the election date approaches. 2024 should be no exception. Already, the campaign has seen twists and turns but without giving a decisive advantage to either camp. It is possible that uncertainty will continue to rise after November, either because Trump has won (he has a disruptive agen...

September 27, 2024 September 27, 2024 1 EN

Bruno Cavalier

Bruno Cavalier

L’incertitude électorale et ses effets économiques

Aux Etats-Unis, les années électorales sont marquées par une incertitude plus élevée que la normale car le résultat du vote peut influencer les choix de politique économique. Cette incertitude tend à croître à l’approche de la date de l’élection. 2024 ne devrait pas faire exception. D’ores et déjà, la campagne a connu des rebondissements mais sans donner d’avantage décisif à l’un ou l’autre camp. Il est possible que l’incertitude continue de monter après le 5 novembre, soit que T...

September 27, 2024 September 27, 2024 1 FR

Anis Zgaya ... (+3)

Anis Zgaya
Louis Boujard
CFA

SMA Solar Technology AG : Prudence maintenue malgré l’annonce d’un plan de restructuration

>Annonce d’un plan de restructuration visant 150 à 200 M€ d’économie de couts - SMA a annoncé qu’il a décidé de lancer, compte tenu d'un environnement de marché toujours difficile, un programme de restructuration et de transformation visant à accroître l'efficacité et à se concentrer sur la stratégie. Ce programme compte réaliser des économies de coûts estimées par la société entre 150 et 200 M€. Dans le cadre de ce programme, des mesures doivent être prises dans les...

September 27, 2024 September 27, 2024 1 FR

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Acciona Energia : H1 2024 results lower than expected on a recurring basis

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/09/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/09/2024

ODDO : Curtailments in Brazil, limited impact on Iberdrola, Enel and EDP

Electoral uncertainty and its economic effects

L’incertitude électorale et ses effets économiques

SMA Solar Technology AG : Prudence maintenue malgré l’annonce d’un plan de restructuration

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe