Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : Plus de peur que de mal

>Opinion Surperformance et OC 37.0 € maintenus - A l’issue la publication des résultats semestriels qui sont ressortis en ligne avec nos attentes et celles du consensus, nous confirmons notre recommandation Surperformance. Certes le management a revu en baisse sa fourchette d’EBITDA sur 2023, en raison de la faiblesse de la ressource et plus marginalement des prix de gros, mais il a clairement indiqué une guidance de RNpg autour de 200 M€, ce qui devrait rassurer le m...
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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