ENGIE : 9M results in line - signs of improvement in momentum confirmed
>Results in line and guidance confirmed - Yesterday morning, Engie reported 9M figures in line with expectations. EBITDA was € 6.462bn (Oddo BHF € 6.470bn and consensus € 6.492bn), up 5.0% on an organic basis, and underlying operating profit was € 3.505bn (Oddo BHF and consensus € 3.500bn), up 7.7% on an organic basis. The group confirmed its guidance for 2018 at the low end of the € 2.4bn to € 2.6bn range for net profit (Oddo BHF at € 2.4bn). This confirmation is bas...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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