Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : Adjustments to our estimates for 2022 pending the capital increase

>A good performance in 2021 - EDF reported on the Friday, 18 February, 2021 results broadly in line with our forecasts and the consensus. Sales reflected organic growth of 21.6% to € 84.5bn. EBITDA came in at the top end of the forecast range at € 18.0bn (an organic increase of 11.3%), vs ODDO BHF’s and consensus expectations of € 17.9bn. See details by division on page 2. Net attributable profit excl. non-recurring items was € 4,717m (x2.4 year-on-year), compared wi...
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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