EDF : 2019 results and 2020 guidance above expectations
>Results beat expectations - EDF group has just released FY 2019 results that beat expectations. EBITDA was up +8.4% in organic terms to € 16.7bn vs € 16.1bn expected (consensus at € 16.3bn). By division, results came in above forecasts mainly for the business lines France Generation and regulated and for EDF renewables (see details below). EBIT was up 24% to € 6.8bn vs ODDO BHF at € 6.4bn and net income group share excluding non-recurring items was at € 3,871m vs € ...Electricite de France is an integrated energy company with a presence in a range of electricity-related businesses: nuclear, renewable and fossil-fuel fired energy production, transmission, distribution, marketing as well as energy management and efficiency services, along with energy trading. Co. is an integrated energy company engaged in all aspects of the energy business: generation, transmission, distribution, supply and trading of energies. Co. is an electricity operator in France and abroad. The breakdown used by Co. for its activities is as follows: France; United Kingdom; Italy; Other International; and Other activities.
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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