Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : H1 2022 broadly in line, ongoing catch-up with the guidance

>Outperform rating and € 25.3 target price maintained - Endesa’s H1 2022 results were broadly in line with our expectations and those of the consensus. As expected, the first half was affected by a tough energy environment (lower hydroelectricity segment and soaring fuel prices). Like all the group’s competitors on the Iberian Peninsula, H1, which constitutes a low point, is likely to be followed by a gradual catch-up over the next few quarters. Like its parent compan...
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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