Repsol : Q3 results in line and an acceleration cash generation
>Net profit in line with our expectations - Adjusted net profit was $ 588m in Q3 2018, i.e. +7.1% q-o-q/+11.4% y-o-y and more or less in line with forecasts (Oddo BHF: € 592m, consensus: € 596m). This result was boosted by a better performance upstream and a reduction in corporate spending.A good performance overall in upstream - Adjusted net profit at the upstream activities was € 368m, up +2.2% q-o-q/+148.6% y-o-y and 8.2% above the consensus despi...Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
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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