Redeia : 9M 2024 results in line with estimates, regulatory milestones approaching
>Results broadly in line with estimates. Growth excluding regulatory effects - Results were in line with our estimates (-0.6% at EBITDA, -2% vs consensus) marked by the end of the regulatory useful life of the pre-1998 assets with an estimated impact of € 260m in 2024 (€ 187m impact in 9M 2024). Excluding this effect, revenues grew by +1.9%. Domestic electricity transmission accounted for 76% of revenues and 71% of EBITDA in 9M 2024 with sales and EBITDA declining by,...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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