Enel : H1 2020 slightly below forecasts, 2020 risks materialised
>Buy recommendation with a TP lifted to € 8.6 from € 7.8 - Enel reported H1 2020 ‘ordinary’ results slightly below our estimates for EBITDA, recurring EBIT and attributable net profit. Management lowered its 2020 guidance, trimming its expectations for EBITDA from € 18.6bn to € 18.0bn and ordinary attributable net profit to between € 5.0bn and € 5.2bn vs € 5.4bn previously. Consequently, we have reduced our 2020 estimates by 5%. We maintain our Buy recommendation and ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.