Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDF : The exit becomes clearer after a very tough H1

>Sharp drop in EBITDA in H1. Cash flow held up well - Yesterday EDF reported H1 results well below last year, with EBITDA down 75% to € 2,672m vs € 1,986m expected (ODDO BHF) and € 3,463m (consensus). Attributable net profit was close to expectations however, at -€ 5,293m vs -€ 5,643m expected (ODDO BHF) while consensus was at -€ 3,821m. Despite this poor operating performance, net debt was flat in H1 at € 42.8bn thanks to the capital increase in H1 as well as positiv...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch