Grenergy renovables : Q1 affected by seasonality effect but FY performance not set to be impacted
>Q1 results affected by seasonality in B2S business - Grenergy's Q1 2021 results, reported on Friday, were broadly in line with our estimates. Sales (external) came in at € 10m (ODDO BHF at € 10.8m), down 66% y-o-y. EBITDA came to € 1.8m (ODDO BHF at € 2.1m), down 69%. EBIT amounted to € 0.7m (ODDO BHF at € 0.5m) and net profit € 0.4m (ODDO BHF at € 1.5m), down 89%. As expected, Q1 2021 was affected by seasonality in the build to sell (B2S) business. This unit generat...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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