Red Electrica : Q1 2022 results fully in line with estimates
>Sales growth driven by satellite acquisition - Q1 2022 results came fully in line with estimates with sales growth (+3.5% y-o-y) mainly explained by the Satellite Business (+23% y-o-y) due to the acquisition of the Latin America video management business and positive FX effects. The group’s EBITDA grew by +1.8% with the largest growth contributions coming from the International electricity infrastructure (+43%) and Satellites (+11%) due to acquisitions.S...Red Electrica is engaged in the transmission of electrical energy, the operation of the system and the management of the transmission network in the Spanish electricity system. In addition, through its subsidiaries, Co. is engaged in the acquisition, holding and management of foreign securities, co-ordination of international exchanges, provision of telecommunications services for third parties, provision of consultancy, engineering and construction services outside the Spanish electricity system, securing of funds, carrying out of financial transactions and provision of financial services.
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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