Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

ERG : Prudence est mère de sureté

>Opinion Surperformance maintenue et OC ajusté à 34.5 € (vs 37.0 €) - A l’issue la publication de résultats 2023, un peu supérieurs à nos attentes et celles du consensus, et de la délivrance d’une guidance 2024 prudente et en deçà des attentes, nous maintenons notre recommandation Surperformance. Le management a mis à jour sa trajectoire sur une base actualisée des prix de marché actuels de l’électricité qui suivent une trajectoire significativement baissière et impac...
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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