Engie : A good start to 2022 and more potential in the longer term
>Q1 2022 results beat expectations - Engie yesterday reported Q1 2022 results that beat forecasts. EBITDA was up 49% on an organic basis to € 4,643m, above our estimate (€ 4,169m). EBIT also showed significant organic growth of 76% to € 3,532m, versus ODDO BHF at € 3,019m. The good Q1 performance was principally driven by a marked increase in activity: i/ renewables thanks to higher capture prices in Europe (+72% organic); ii/ thermal energy thanks to the increase in...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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