Engie : A strong set of results which allows group to target top end of FY guidance
>Good performance in all divisions. Measures taken in Energy solutions - Engie released this morning 9M results that were a shade above our estimates. EBIT excluding nuclear was down at € 7,091m (-11.3% YoY) vs ODDO BHF at € 7,014m and EBIT including nuclear down at € 8,164m (-1.9%) ahead of our forecast at € € 7,941m. This decline in EBIT is mainly due to the normalisation of the GEMS (trading) performance and, to a lesser extent, a decline in volumes distributed 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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