ENGIE : Weak stock performance despite guidance upgrade in 2021
>H1 results 2021 in line with the consensus expectations - Engie reported on Friday, 30 July, its Q1 2021 results in line with the consensus but ahead of our expectations. EBITDA came in up 23.1% on an organic basis to € 5,423m, vs € 5,293m and € 5,436m forecast by ODDO BHF and the consensus respectively. EBIT also reflected growth, 44.4% (on an organic basis) and came in at € 3 089m, vs € 2 993m forecast by ODDO BHF and € 3 117m by the consensus. Recurring attributa...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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