Enagas : 9M 2024 results slightly above estimates, regulatory visibility unchanged
>9M results slightly above estimates on good cost control and affiliates contribution - Good results, slightly above our estimates (+5% at the EBITDA level with sales in line) reflecting the good cost performance and a sound contribution from affiliates. The EBITDA margin reached 86.2% compared to our conservative 82% estimate. Sales were in line with our estimates with the regulatory impact (€ 33m: reduction in the remuneration of continuity of supply) largely offse...Enagas is a gas transportation company based in Spain. Co. is engaged in the technical distribution and storage of gas through pipelines as well as the provision of regasification services. Co. and subsidiaries are engaged in the ownership, administration, storage, pipeline transportation, distribution flow, and sale of natural gas. As a transport company, Co. also provides gas and manages the gas infrastructures.
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.
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