Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Fortum : T1 2019 en ligne avec les attentes – Neutre et OC à 21.0 € réitérés

>Résultats globalement en ligne avec les attentes - Fortum a publié hier matin ses résultats T1 en ligne avec nos attentes. L’EBITDA comparable est ressorti à 545 M€ (ODDO et consensus à 536 M€) et l’EBIT comparable à 408 M€ quasi-stable yoy (ODDO BHF et consensus à 406 M€). L’activité Génération a connu un très bon T1 avec des prix en hausse de 4.8 €/MWh partiellement compensée par des volumes hydro en baisse de 1.5 TWh. Le T1 a également profité d’une bonne perform...
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
Louis Boujard, CFA

Philippe Ourpatian

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