Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ENGIE : Problem areas clearly identified and reassuring outlook insufficiently priced in

>Key topics addressed in our last road show - We organised a road show for Engie in Frankfurt at the start of the week and had the opportunity to get an update on the group’s strategy in client solutions and the renewables business where the outlook remains bright, allowing us to confirm our growth expectations in this area. Following this business review, we have updated our model, particularly as regards the nuclear provisions which will be a source of concern in Q4...
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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