Report
Anis Zgaya ...
  • Louis Boujard, CFA
  • Philippe Ourpatian

ENGIE : Q1 2020 in line but uncertainty about the impact of COVID-19

>Q1 results in line with expectations - Engie this morning reported its Q1 2020 results that were in line with the consensus and our forecasts. EBITDA grew by +1.4% organically to € 3,063m vs our estimate at € 2,961m and the consensus at € 3,058m. EBIT came in at € 1,907m vs our estimate at € 1,895m and the consensus at €1,854m. Net debt was in line with forecasts at € 27.9bn. By division (see table below), we note a better-than-expected performance from the networks...
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
Anis Zgaya

Louis Boujard, CFA

Philippe Ourpatian

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