Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Naturgy : Un S1 23 au-dessus des attentes et une trajectoire à 2025 ajustée

>Recommandation Neutre maintenue mais OC ajusté à 28.3 € vs 27.2 € - A l’issue de la publication des performances semestrielles qui sont ressorties au-dessus des attentes et de la révision détaillée des objectifs 2025, nous avons intégré la nouvelle guidance d’EBITDA 2023 et la trajectoire de résultat net 2025. En conséquence, nous relevons notre séquence de BPA 2023-2025en moyenne de 18.8% (dont 2.4% pour 2023). Rappelons que le groupe avait dévoilé le 13 juillet der...
Underlying
Naturgy Energy Group S.A.

Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).

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
Louis Boujard, CFA

Philippe Ourpatian

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