Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : Décollage court

>Opinion Surperformance vs Neutre et OC 35.3 € vs 31.5 € - Suite à la publication des performances du T1 22, qui sont ressorties au-dessus de nos attentes, à l’environnement inflationniste des prix et au relèvement de la guidance d’EBITDA 2022 de 50 M€, nous relevons, une nouvelle fois notre séquence de BPA 2022/2027 de 33.8% en moyenne. Le groupe a fait la démonstration de sa capacité à compenser 1 GW d’actifs cédés (hydro et CCGT) par de nouveaux projets renouvelabl...
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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