Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Enel : 2020 trajectory is holding with Q1 2020 broadly in line

>Buy recommendation and target price of € 7.8 maintained - The group has reported its Q1 2020 results with recurring EBITDA and EBIT a shade higher than our forecasts. Recurring attributable net profit slightly undershot our expectations. The group confirmed its trajectory for 2020 even though at this stage of the year and given the current operating conditions, it is expecting possible negative impacts, but these should be offset by the measures taken and the speed a...
Underlying
Enel SpA

Enel Societa Per Azioni is engaged in the generation and sale of electricity through its Generation, Energy Management and Sales Italy Division. Co. is also engaged in the distribution of electricity (Enel Distribuzione) and public and artistic lighting (Enel Sole) in Italy through its Infrastructure and Networks Division. Co.'s Iberia and Latin America Division coordinates Co.'s operations in the electricity and gas markets in Spain, Portugal and Latin America. Co.'s Engineering and Research Division manages the engineering processes related to the development and construction of power plants. Co.'s other divisions are the International Division as well as the Renewable Energy Division.

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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