Enel : Q3 better than expected, prompting an upward adjustment to 2023 guidance
>Outperform rating and target price of € 9.6 maintained - The publication of 9M 2023 results that beat forecasts, driven by generation activities, has confirmed a return to more normal conditions for activity. On the back of this performance, management has raised its target for EBITDA (€ 21.5-22.5bn vs € 20.4-21.0bn) and recurring net profit for 2023 (€ 6.4-6.7bn vs € 6.1-6.3bn) which is excellent news for the stock. We have adjusted our estimates for 2023 which are ...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.