ENI SpA : Earnings ahead of expectations, growth in cash flow favourable to share buybacks in 2019
>EBIT and earnings well ahead of expectations - Adjusted operating profit in Q3 came in at € 3.304bn, 23.8% above our forecasts and 21.5% higher than the consensus (Oddo BHF’s forecast: € 2.668bn; consensus: € 2.720bn). Attributable net profit came in at € 1.388bn, up +81.1% q-o-q and 36.1% ahead of our estimates thanks to a good performance from all divisions. CFFO totalled € 4.1bn, a reassuring level and the group confirmed its guidance of around € 13.5bn for 2018,...Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.