BHP Group Plc : Underlying EBITDA in line with the consensus. Demand unaffected so far by the virus outbreak
>Underlying EBITDA in line with consensus expectations - BHP reported H1 2019-20 (financial year ending in June) underlying EBITDA of $ 12.1bn, i.e. well ahead of our expectations (ODDO BHF: $ 11.4bn) but in line with Vuma consensus ($ 12bn). This compares with $Â 10.5bn EBITDA in H1 2018-19, i.e. +15% y-o-y. This increase is attributable to 1/ the iron ore division (59% of H1 2019-20 EBITDA) posting an EBITDA of $Â 7.1bn (ODDO BHF: $ 6.9bn; consensus: $ 7.1bn vs $ 4.3b...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.
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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