Report
Ahmed Ben Salem

GALP : Résultats T4 – EBITDA en ligne mais résultat net faible, baisse des dividendes et guidance de production et d’EBITDA décevante

>Upstream: une guidance de production stable en 2021 impactée par la pandémie et la baisse des Capex - En Upstream, l’EBITDA ressort à 319 M€, 7% supérieur au consensus. La production est en baisse de 10% YoY en raison des maintenances à 121 Kbep/j. La division enregistre également une hausse des coûts de production unitaires ce trimestre de 1.9 $/bep à 2.2 $/bep en QoQ qui devraient se stabiliser sous les 3$/b et une légère baisse des amortissements de 16.3 $/bep à 1...
Underlying
GALP Energia SGPS SA Class B

Galp Energia is a holding company. Through its subsidiaries, Co. operates in the following segments: exploration and production, with activities relating to exploration, development and production of hydrocarbons, particularly in Angola, Brazil and Mozambique; refining and marketing, which owns refineries in Portugal and also includes activities relating to the retail and wholesale commercialization of oil products; and gas and power, which covers the purchasing, commercialization, distribution and storage of natural gas and electric and thermal power production. As of Dec 31 2014, Co. had proved and probable reserves of 638.0 million barrels of oil equivalent.

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
Ahmed Ben Salem

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