Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : The 2019 guidance is not at risk in our view

>H1 results a shade higher than forecast - On Friday morning, the EDF group reported H1 results that were slightly better than expected (details on page 2). EBITDA was up +0.1% organic to € 8,346m versus € 8,150m est. (consensus at € 8,262m). EBIT rose 2.1% to € 3,672m versus € 3,350m est. but attributable net income excluding non-recurring items was lower than expected at € 1,402m versus € 1,555m est. (consensus € 1,482m). Attributable net income including the markin...
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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