Grenergy renovables : A weak Q2 but in line and sharp earnings recovery expected in H2
>Q2 results in line, marked by an absence of disposal gains - Grenergy’s Q2/H1 2023 results, reported yesterday, were in line with the FactSet consensus. EBITDA came in at € 7.4m in Q2 2023, in line with the FactSet consensus of € 7.4m. Results amounted to -€ 0.9m, in line with the consensus of -€ 1.1m and our -€ 1.0m estimate. As expected, the D&C business booked no gains on the sale of projects in Q2. H1 EBITDA thus came to € 21.7m, up 8%, and H1 net income came in...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.
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.
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