Engie : Good performance and signs of normalisation expected in H1
>Initial signs of normalisation for a respectable performance - Engie is due to report its half-yearly earnings on 2 August. We expect EBITDA to decline by 9.3% to € 8.494bn and a contraction in EBIT of 13.8% to € 5.994bn. Net income is forecast to contract by 18.7% to € 3.291bn. After an exceptional year in 2023, 2024 is set to be marked by initial signs of normalisation in earnings. Aside from trading (GEMS), most of the operations are expected to show growth in H1....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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