Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : H1 2024 in line and full-year guidance reiterated once again

>Outperform rating reaffirmed and € 25.3 TP unchanged - H1 2024 results were in line with our estimates and with the consensus as well. Figures were also in line with the 2024-2026 strategic roadmap, unveiled at the most recent strategy event in November 2023. Yet again the group reiterated guidance for 2024. Energy sales in 2024 and 2025 are covered at levels of 98% and 94%, respectively, which shields margins, and in addition to that coverage for 2026 has increased ...
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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