Report
Khaled Ben Amor ...
  • Louis Boujard, CFA
  • Philippe Ourpatian

Fortum : Résultats T2 2019 solides. Neutre maintenu et OC relevé à 21.5 € vs 21.0 €

>Résultats supérieurs aux attentes - Fortum a publié vendredi matin de bons résultats T2. L’EBITDA comparable est ressorti à 372 M€ (ODDO BHF à 320 M€ et consensus à 311 M€) et l’EBIT comparable à 232 M€, +52% yoy (ODDO BHF à 188 M€ et consensus à 183 M€). L’activité Génération a enregistré un bon T2 avec des prix en hausse de +1,9 €/MWh couplés à des volumes hydro et nucléaires en hausse de 0,2 TWh et 0,3 TWh respectivement. Le T2 a également profité d’une bonne perf...
Underlying
Fortum Oyj

Fortum is an energy company. Co.'s operations are organised in five divisions: Hydro Power and Technology and Nuclear and Thermal Power, which are engaged in its hydro, nuclear and thermal power generation, services, portfolio management and trading as well as technology and research and development functions; Heat, Electricity Sales and Solutions, which consists of Co.'s combined heat and power production, district heating and business-to-business heating solutions, solar business, electricity sales and related customer offering; Russia, which consists of power and heat generation as well as heat distribution in Russia; and Distribution, which focuses on distribution activities in Sweden.

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
Khaled Ben Amor

Louis Boujard, CFA

Philippe Ourpatian

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