EDP : A solid trajectory and affirmed resilience
>New elements - At our 24th ODDO BHF Forum, EDP’s management delivered a reassuring message on the challenges in the short and medium terms. The group underlined the high level of resilience of its corporate profile. Guidance for 2020 was confirmed (i.e. EBITDA of € 3.7bn and attributable net profit of € 0.9m, on a reported basis). For 2021, EDP’s management is reasonably confident thanks to the resilience of its EBITDA (90% of EBITDA is regulated or under contract). ...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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