Report
Ahmed Ben Salem ...
  • Yassine Batini

ENI SpA : La croissance des résultats et du cash-flow ouvre la voie à une hausse du retour aux actionnaires

>EBIT 4% supérieur au consensus et RNpg 23% supérieur aux attentes - L’Ebit ajusté ressort à 2.994 Md€ au T4 18, 14%/4% supérieur à nos attentes et au consensus (Oddo BHF: 2.614 Md€; Cs: 2.880 Md€). Le RNpg ressort à 1.462 Md€, +5.3% QoQ/+50% YoY et 33%/23% supérieur à nos attentes et au Consensus avec une bonne performance de l’ensemble des divisions et un taux d’impôt en baisse à 50% vs 55% au T3 18. E&P: Bonne performance et pipeline rassurant - §se...
Underlying
Eni S.p.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

Yassine Batini

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