Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP Renovaveis : Un concept de récurrence un peu particulier

>Recommandation Neutre et OC 7.0 € maintenus - Le groupe a publié des performances 2018 en ligne avec les attentes du marché. Toutefois EDPR intègre l’impact de ses cessions d’actifs ou de participations tant dans l’EBITDA, qui est par nature un indicateur opérationnel que dans les résultats financiers (au global 196 M€ vs un résultat net publié de 313 M€). Sur 2018, l’exclusion de ces cessions, par nature non récurrentes, fait ressortir des performances en fort recul...
Underlying
EDP Renovaveis SA

EDP Renovaveis is a renewable energy company based in Spain. Co. is engaged in activities related to the electricity sector, namely the planning, construction, operation and maintenance of electricity generating power stations, especially hydroelectric, mini-hydroelectric, wind, solar, thermal solar, photovoltaic, biomass and waste plants, among others. Co. designs, develops, manages and operates power plants. Co. generates electricity using renewable energy sources mostly wind energy. Co. owns EDP Renewables Europe that operates in several European countries and Horizon Wind Energy, which operates in the United States. Co. is a part of the Energias de Portugal group.

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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