Engie : Further upward revision to targets for a strongly discounted share
>9M 2022 results better than expected - Engie reported yesterday 9M results that beat our estimates. EBITDA showed organic growth of 45% to € 10,665m vs € 8,450m expected. EBIT came to € 7,254m (+84% organic) compared with € 6,220m forecast by ODDO BHF. The performance in the first 9 months was driven mainly by significant growth in all segments except Energy Solutions and Networks which remained stable at € 177m (-2%) and € 1,765m (-2%), respectively. The group was ...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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