Report
Ahmed Ben Salem ...
  • Yassine Batini

ENI SpA : Résultats supérieurs aux attentes, la croissance du cash-flow propice à un rachat d’actions en 2019

>EBIT et Résultat largement au-dessus des attentes - Le résultat opérationnel ajusté au T3 ressort à 3.304 Md€, 23.8%/21.5% supérieur à nos attentes et à celles du consensus (Oddo BHF: 2.668 Md€; Cs: 2.720 Md€). Le RNpg ressort à 1.388 Md€, en hausse de +81.1% QoQ et 36.1% supérieur aux attentes grâce à une bonne performance de l’ensemble des divisions. Le CFFO ressort à 4.1 Md€, un niveau rassurant et le groupe a confirmé son estimation de ~13.5 Md€ pour 2018 avec u...
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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