Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ENGIE : Decent result but lack of commitment sanctioned by the market

>Q1 2020 results in line with our expectations - On Tuesday morning, Engie reported Q1 2020 results in line with our forecasts. EBITDA came in at € 3,063m (+1.4% organic) vs our estimate of € 2,961m and the consensus forecast of € 3,058m. EBIT came to € 1,907m (+2.1% organic) vs our and the consensus estimates of € 1,895m and € 1,854m respectively. In the breakdown by division, we note a better-than- expected showing from the infrastructure division in contrast to cl...
Underlying
ENGIE SA.

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.

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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