Report
Ahmed Ben Salem

GALP : Résultats T3 - EBITDA en ligne mais résultat net et FCF dans le rouge

>Upstream: impacté par la baisse du Brent, production solide résiliente - En Upstream, l’EBITDA ressort à 302 M€, 2% et 4% supérieur à nos attentes et au consensus. La production est en hausse de 7% YoY et profite de la reprise du prix du pétrole et d’une moindre décote vs Brent qu’au T2. La division profite également de la baisse des coûts de production unitaires de 2.8 $/bep à 1.9 $/bep en QoQ qui ne devrait pas durer trop longtemps et une hausse des amortissements ...
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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