ENGIE : A good 9M publication. Adjustment to 2019 guidance by division
>9M results slightly higher than expected - Yesterday, ENGIE published a good set of 9M 2019 results, with organic sales growth of 7.9% to € 46.8bn and organic EBITDA growth of 7.1% to € 7.145bn (vs ODDO BHF to € 7.02bn and € 7.04bn for the consensus). COI beat expectations at € 3.85bn (vs ODDO BHF to € 3.7bn and € 3.8bn for the consensus), +13.6% on an organic basis, benefiting from a better-than-expected performance at client solutions, thermal and other divisions (...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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