EDP : Confidence on 2022 and the 2025 trajectory
>Outperform recommendation and target price of € 6.0 maintained - The conference call for the Q1 2022 results release confirmed the group’s ability to reverse the headwinds of Q1 in the coming quarters and achieve its attributable net profit growth target relative to 2021. Also worth nothing is the confirmation of the 2023-2025 strategic trajectory, which could even be exceeded. Lastly, management confirmed that the group’s structure was permanently under consideratio...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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