EDP : A reassuring message
>Outperform rating and target price of € 6.0 maintained - In the Q1 2023 results conference call, the management had a reassuring message on the trajectory of EDP’s businesses. The good start to the year, a return to more normal rainfall levels and a less volatile energy environment are the three key parameters for the expected performance in 2023. The group also confirmed it would achieve an attributable net profit of around € 1.14bn in line with our expectations and...EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
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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