Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP : Un S1 20 en ligne avec nos attentes

>Recommandation Achat réitérée et OC ajusté à 4.80 € (vs 4.60 €) - Les résultats récurrents du S1 2020 sont ressortis globalement en ligne avec nos attentes. En dépit des effets de la crise sanitaire et des changes, le groupe affiche une résilience relativement forte. Cette résilience conforte notre opinion Achat sur le titre. Au-delà de ces aspects opérationnels, nous considérons toujours qu’une restructuration actionnariale (en raison de son actionnaire chinois CTG)...
Underlying
EDP-Energias de Portugal SA

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.

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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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