ENGIE : Second upward revision to guidance: is three the magic number?
>Good earnings performance at 9M 2021 - On Wednesday after market close (at 6.00 p.m.), Engie reported its 9M 2021 results. EBITDA was up 26.7% on an organic basis to € 7,632m, vs our forecast of € 7.5bn and € 7.6bn for the consensus. EBIT was also up by 57.5% (organic) to € 4,116m, in line with our forecasts and those of the consensus. 9M results were principally driven by: i/ the good performance posted by all of the group’s segments excluding thermal (-19.3% organ...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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