Enagas : Q1 2024 results slightly above our estimates
>Operating results in line, slight beat in net profit towards FY 2024 objectives - Good results supported by resilient sales despite the impact of the regulatory effect (loss of continuity of supply revenues in the 2021-2026 period: c.€ 35m estimated impact in 2024e) thanks to the contribution of COPEX and the revenues from the El Musel terminal (E-Hub). Costs remain stable compared to last year (+0.2%) highlighting the focus on efficiency while the contribution of eq...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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