Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : Encouraging news on Hercule in Q1 announcement

>Q1 2020 sales in line with our expectations - EDF reported Q1 2020 revenues in line with our forecasts. Revenues came in at € 20.7bn (-1% in organic terms), vs € 20.5bn forecast. The top line benefited from better pricing conditions in electricity in France and the UK, but it was negatively impacted by the decline in gas prices, particularly for Edison in Italy and Dalkia, with an estimated effect of - € 680m (a limited impact on EBITDA). The COVID-19 crisis had a l...
Underlying
Electricite de France SA

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.

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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