La Française de l'Energie : Relatively weak Q1 2024-2025 hurt by core business
>Q1 below expectations, hurt by the drop in gas sales but also by lower-than-forecast electricity sales - After reporting FY 2023-2024 results Wednesday evening, Française de l’Energie on Thursday evening reported Q1 2024-2025 sales (from July to September 2024) which came to € 7.1m, down 13% vs Q1 2023-2024 and below our estimate of € 8.3m. This drop stemmed from almost no gas sales in Q1 2024-2025, hurt by the GRTgaz network works since May 2024 and by the sharp dr...La Francaise de l'Energie is engaged in the operation of the French energy sector, with gas assets in northern and eastern France, specifically coal bed methane. Co. aims to substitute a portion of the gas imported into France with coal bed methane, which it produces, due to its low carbon footprint and production cost. Co.'s operations are mainly located in two areas: Lorraine, located in eastern France close to the Franco-German border, and in Nord-Pas-de-Calais, in the Hauts-de-France region located at the Franco-Belgian border. Co. operates in two operating segments: Lorraine which includes the exploration and certification of gas reserves and Avion which includes gas production.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.