Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : Good H1 2023 results, but still a cautious stance

>Outperform rating and target price of € 25.3 maintained - The H1 2023 results came in ahead of our expectations but in line with the consensus. The first half was driven by very good performances in generation (conventional and renewable energies) and commercialisation activities, not to mention the resilience of the network businesses. The management reaffirmed their confidence that the trajectory of the 2023-2025 strategic plan would be adhered to, with EBITDA and ...
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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