Report

BHP Group Plc : FY 2019-20 EBITDA is in line with consensus expectations. Cash cost guidance for FY 2020-21 looking high

>FY 2019-20 underlying EBITDA in line with consensus - BHP Group Plc published its FY 2019-20 results (FY ending in June) reporting an underlying EBITDA of $ 22.1bn, i.e. slightly above our expectations (ODDO BHF: $ 21.6bn) but in line with the consensus (VUMA: $ 22.2bn). This compares with $ 23.1bn in FY 2018-19, with the impact of lower prices (-$ 1bn) and lower volumes (-$ 0.4bn) almost fully offset by favorable forex ($ 1bn) and reduced costs ($ 0.2bn). By divisio...
Underlying
BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.

Provider
Oddo BHF
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.

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