ENGIE : 9M 2020 earnings preview: second lockdown set to take a toll on 2020
>Keep an eye on forex and scope effects - Engie is due to report its 9M 2020 results on 13 November before trading. After a first half marked by an unprecedented drop in EBIT of 31%, we expect 9M 2020 EBIT to come in 27.5% lower at € 2.764bn, or a decline of 13% in Q3 2020. The implementation of a second, less severe lockdown in November will impact on 2020, and the downward trend in the Brazilian real and the US dollar over the last few months and the end of the cont...Engie is an industrial group, based in France, active in the fields of gas, electricity, energy services and the environment. Co. is an energy provider across the entire energy chain, in electricity and in natural gas, including: purchase, production and commercialization of natural gas and electricity; transport, distribution, management and development of major natural gas infrastructures; design and commercialization of energy services and environment-related services. Co.'s activities are conducted through five segments: Energy Europe, Energy International, Global Gas and LNG, Infrastructures, and Energy Services.
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.
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