Redeia : FY 2023 results to pass unnoticed, focus on potential regulatory improvements
>Results in line with estimates, net profit beat on lower taxes and financing costs - Redeia FY 2023 results were broadly in line with our estimates at the operating level and somewhat above at the net profit level considering lower tax rate (20.9% vs 22.5%e and 21.7% in 2022) and better financial results. Results were supported by the contribution of International Infrastructure activities (consolidation of Argo in Brazil and good performance of TEN in Chile) and res...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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