Report
Luis de Toledo Heras

ECOENER : Strong H1 2024 results provide further visibility to mid-term targets

>Stronger results on higher production and resilient margins - Ecoener’s H1 2024 results significantly topped our estimates on higher production volumes (376 GWh, +82% vs H1 2023), resilient average prices (€ 82/Mwh, -19% vs H1 2023 despite wholesale market average prices in Spain declining by -50%) and firm EBITDA margins (47.6%, in line with last year’s levels) as costs were kept under control despite the increase in installed capacity. Solar PV production increased...
Underlying
GRUPO ECOENER S.A.

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
Luis de Toledo Heras

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