Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : Croissance modérée, bilan approprié et dividendes versés, des paramètres à apprécier

>Opinion Surperformance et OC 33.3 € maintenus - A l’issue d’une demi-journée de roadshow avec le directeur financier Michele Pedemonte, nous confirmons notre opinion Surperformance fondée sur le profil particulier du groupe, qui offre un développement plus mesuré que ses concurrents, une certaine résilience, une structure financière flexible et un rendement d’environ 4%, particularité rare chez les producteurs indépendants d’électricité renouvelable. Les propos du di...
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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