Report
Ahmed Ben Salem

GALP : Résultats T1 – EBITDA en ligne mais résultat net inférieur aux attentes, baisse de l’endettement

>Upstream: une bonne performance, des volumes stables en 2021 impactés par la pandémie - En Upstream, l’EBITDA ressort à 438 M€, en ligne avec nos attentes et 3% supérieur au consensus. La production est en baisse de 4.7% YoY à 123.5 kbep/j en raison des contraintes imposées par la pandémie au Brésil et qui est en train de mettre à risque la forte croissance du groupe prévue à 10% par an en moyenne. Le management confirme pour cette année une guidance de production s...
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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