ENGIE : Results 1H and guidance 2020 in line with our expectations
>H1 2020 in line with expectations - ENGIE posted this morning results in line with expectations. EBIT came at € 2,169m (-29.3%) vs € 2,162m expected. Unsurprisingly, the customer solutions and supply business were the most impacted by the COVID-19 crisis while the other businesses were much more resilient to the economic environment. Net income came in at € 24m (-99%) and in line with our expectations while recurring net income group share was € 700m (-53.1%) in line...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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