Innogy : The new guidance is adjusted for scope effect
>Results slightly below expectations - Innogy this morning released 9M results slightly below expectations after scope adjustments. The company reported EBIT of € 1,060m vs €1,098m expected and EBT of € 530m vs € 574m expected. Net income after scope effects was in line with expectations at € 212m vs € 214m. By division, grid and infrastructure was slightly below at €1,160m vs €1,183m expected while retail is slightly above expectations at € 161m vs € 140m. A slight d...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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