Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Enel : 9M 24 in line, full-year guidance confirmed and CMD on 18 November

>Outperform rating and € 9.20 target price maintained - Enel’s 9M 24 performances were right in line with our expectations. The first nine months were, as expected, driven by generation and marketing operations. Management confirmed its compliance with the 2024-2026 trajectory set out last November and updated following the half-year release. Not much detail on the trajectory given the proximity of the traditional CMD to update the group’s strategy out to 2025-2027. G...
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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