Oddo BHF - Endesa S.A. (ELE) Endesa : Un T1 24 en ligne et une trajectoire 2024 confirmée

Report

Oddo BHF

Louis Boujard, CFA ...

Philippe Ourpatian

Endesa : Un T1 24 en ligne et une trajectoire 2024 confirmée

>Opinion Surperformance réitérée et OC 25.3 € inchangé - Les résultats du T1 24 publiés sont ressortis globalement en ligne avec nos attentes et celles du consensus. Retraité des éléments relatifs à la fiscalité énergétique espagnole, la performance ressort en ligne avec la trajectoire stratégique délivrée lors du dernier opus stratégique de novembre 2023, couvrant la période 2024-2026. Le groupe a confirmé sa guidance 2024. La position d’attente sur sa couverture 202...

09/05/2024 1 FR

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.

See profile

ES0130670112 Madrid Stock Exchange Spain

Provider

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.

See profile

Analysts

Louis Boujard, CFA

Philippe Ourpatian

Other Reports on these Companies

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2024

...

May 9, 2024 May 9, 2024 1 FR

Oddo BHF

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2024

...

May 9, 2024 May 9, 2024 1 EN

Oddo BHF

Endesa : Q1 2024 in line and 2024 trajectory confirmed

>Outperform recommendation reiterated and target price of € 25.3 unchanged - Q1 2024 results were broadly in line with our forecasts and those of the consensus. Restated for elements relative to the energy tax in Spain, the performance was in line with the strategic trajectory delivered during the last strategic plan delivered in November 2023, covering the 2024-2026 period. The group confirmed its 2024 guidance. The wait-and-see position on the 2026 coverage of its e...

May 9, 2024 May 9, 2024 1 EN

Ryanair : A solid FY release of a -€ 700m share buyback highlights the strong FCF profile

>Solid FY 2024 - € 700m share buyback announced - Ryanair has just announced solid FY to end-March 2024 results. Profit after tax comes in at € 1.917bn, up 34% y-o-y vs a consensus expectation of € 1.905bn on the back of strong yield development up 21% and ancillaries per pax up 3%. Unit cost ex fuel were up 8% y-o-y, slightly ahead of our expectation of 7% growth.FCF was strong at € 766m and boosted by delayed Boeing deliveries. Based on year-end net cash of € ...

3m 3m 1 EN

Benoit Valleaux ... (+2)

Benoit Valleaux
Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 20/05/2024

...

3m 3m 1 FR

Benoit Valleaux ... (+5)

Benoit Valleaux
Roland Pfaender
MBA
CFA
CCRA

SCOR : Brisk momentum in P&C, but deterioration in US mortality

>Net income in Q1 below the consensus and a shade above our forecast - Scor reported its Q1 2024 results last Friday. Insurance revenues came to € 4,113m (+2.0% vs consensus) benefiting from brisk growth in life reinsurance (+6.6% reported), with growth in P&C (+2.6% reported) was lower than expected. Insurance service result was far below forecasts in P&C and life reinsurance at € 253m (-47%) vs the consensus of € 352m and our forecast of € 327m, but with brisk under...

9m 9m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Endesa : Un T1 24 en ligne et une trajectoire 2024 confirmée

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2024

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2024

Endesa : Q1 2024 in line and 2024 trajectory confirmed

Ryanair : A solid FY release of a -€ 700m share buyback highlights the strong FCF profile

ODDO BHF Small & MIDCAP MORNING NEWS - 20/05/2024

SCOR : Brisk momentum in P&C, but deterioration in US mortality

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe