Report
Ahmed Ben Salem ...
  • Yassine Batini

ENI SpA : Résultats T2 en ligne au niveau opérationnel et un RNpg impacté par les taxes - Cash-flow au rendez-vous

>EBIT 3% inférieur au consensus et RNpg 41% inférieur aux attentes - L’EBIT ajusté ressort à 2.279 Md€ au T2 2019, 2% supérieur à nos attentes et -3% inférieur au consensus (ODDO BHF: 2.237 Md€; Cs: 2.360 Md€). Le RNpg ressort à 562 M€, -43% QoQ/-26% YoY et -36%/-41% inférieur à nos attentes et au consensus. Il est impacté par un taux d’imposition exceptionnellement élevé à 72.9% en raison de pertes non déductibles sur le gaz importée de Libye. Le groupe maintient sa...
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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