Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : Encouraging outlook in the short term despite the non-application of the reform

>H1 2021 results topped expectations - EDF yesterday reported H1 2021 results ahead of our estimates and those of the consensus. EBITDA reflected organic growth of 29.3% y-o-y to € 10,601m vs € 9,790m forecast by ODDO BHF and € 9,861m by the consensus. EBIT also increased by 2.6x y-o-y to € 4,272m vs € 3,690m forecast. This performance was partly underpinned by a favourable comparison base following last year's lockdown period which weighed for € 1bn in H1, and was...
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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