Report
Anis Zgaya ...
  • Philippe Ourpatian

Grenergy renovables : 2023: a watershed year

>2022 publication below expectations impact by the weather effect - Yesterday, Grenergy published Q4 2022 results which came in below expectations. EBITDA in Q4 was € 23m, stable vs Q4 2021, but below the consensus and our estimate of € 27m. By division, EBITDA from the D&C business came in at € 17.4m (-16% y-o-y) vs our forecast of € 18.2m and the consensus at € 18.6m whereas the Energy business was up 81% at € 7.7m vs € 11m anticipated by ODDO BHF and the consensus....
Underlying
Grenergy Renovables

Grenergy Renovables Sl. Grenergy Renovables SL is a Spain-based company engaged in the marketing of energy recovery facilities. The Company develops projects and an Independent Power Producer (IPP) that generates renewable energy mainly through solar photovoltaic plants.

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
Anis Zgaya

Philippe Ourpatian

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