Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : Encouraging results pending the real reforms

>Better-than-expected H1 2020 results - EDF on Thursday morning reported its H1 results which beat expectations. EBITDA came in 1.6% higher in organic terms at € 8.196bn vs € 8.047bn est. (consensus at € 7.526bn). This decline resulted mainly from the impact of COVID-19 for an estimated amount of € 1.01bn at end-June 2020, largely due to the drop in nuclear production in France, lower demand which affected the electricity distribution and supply businesses, as well a...
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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