Innogy : H1 2019 results in line with expectations. 2019 guidance confirmed
>H1 2019 in line with expectations - Innogy reported H1 2019 results in line with our expectations. EBITDA came in at € 2.139bn (vs Oddo BHF’s estimate of € 2.069bn and consensus forecast of € 2.074bn), -5% y-o-y. EBIT reached € 1.306bn (vs Oddo BHF’s estimate of € 1.315bn and the consensus forecast of € 1.295bn), i.e. -16% y-o-y and adjusted net profit stood at € 488m (vs our estimate of € 495m and the consensus forecast of € 473m), -26% y-o-y. For 2019, innogy confi...Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company's operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources. The Company is active in Germany, the Netherlands, Austria, Poland, Romania, Croatia, Slovakia, Slovenia, the United Kingdom, among others.
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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