Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : 9M 21 au-dessus des attentes, mais l’important est l’exécution du plan stratégique

>Recommandation Neutre et OC à 26.5 maintenus - A l’issue de la publication des performances à fin septembre qui sont ressorties au-dessus de nos attentes et de celles du consensus, le groupe a relevé une nouvelle fois ses guidances 2021 d’EBITDA, d’investissements et de dette nette. En dépit de ces bonnes performances qui sont essentiellement à mettre au crédit des volumes d’hydroélectricités et de la hausse des prix de gros, nous maintenons notre opinion Neutre et ...
Underlying
ERG S.p.A.

ERG is engaged in the generation of energy from renewable sources and from thermoelectric plants, in the marketing of electricity, steam and gas, in the refining, marketing and distribution of petroleum products both in Italy and abroad. Co., also through its own subsidiaries and joint ventures with primary international operators, operates in the following segments: renewable energy sources, under which Co. operates through its ERG Renew S.p.A. subsidiary in the wind power generation business; power and gas, which includes the production and marketing of electric energy, steam and gas; and refining and marketing, which includes the results of Coastal Refining and Integrated Downstream.

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
Louis Boujard, CFA

Philippe Ourpatian

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