Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : 2023 set to land at the top end of the guidance range

>Outperform rating and target price of € 25.30 maintained - 9M 2023 results came in slightly ahead of our expectations but in line with the consensus. The first 9 months were driven by very good performances in generation (conventional and renewable energies) and marketing not to mention the resilience of network activities. Gas activities were the only ones penalised by the 2022 base effect. The management reaffirmed their confidence that the trajectory of the 2023-2...
Underlying
Endesa S.A.

Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.

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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