Redeia : H1 24 results in line with estimates, investment acceleration in progress
>H1 results aligned with FY 24 guidance - Decent set of results, slightly above our estimates (+2% in Q2 24 EBITDA), which reflect the end of the regulatory life of pre-1998 assets (with an estimated annual impact in revenues of € 260m: H1 24 Sales decline by -11.5%) and well positioned to meet the group’s annual guidance (EBITDA H1 24 of € 681m, -13.7% y-o-y, vs FY 24 guidance of > € 1.3bn and net profit H1 24e of € 269m, -24% y-o-y, vs FY 24 guidance). As we expecte...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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