Engie : A good set of 2023 results with a satisfactory level of guidance
>A good set of result - This morning, Engie published a decent set of results in line with expectations. EBITDA excluding nuclear came in at € 13,700m (+12.3%) vs € 13,873m expected. EBIT excluding nuclear was up 18.3% organic to € 9,479m vs € 9,556m in line with guidance (€ 9.0 - € 10.0bn). By division, the group posted a very strong set of results in renewables that was up 19.5% to € 2,005m above our forecast € 1,974m. The network division was down 4.5% to € 2,265m ...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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