Report
Ahmed Ben Salem ...
  • Yassine Batini

Repsol : Résultats T1 9% supérieurs aux attentes, cash-flow résilient

>Résultat net ajusté 9% supérieur au consensus - Le RNpg ajusté ressort à 618 M€ au T1 2019, soit -2% QoQ /6% YoY et 7% supérieur à nos attentes et 9% à celles du consensus (Oddo BHF: 577 M€; Cs: 566 M€). Ce résultat bénéficie d’une bonne surprise en Upstream.Upstream en hausse grâce à de faibles charges d’exploration - Le RN ajusté de l’Upstream ressort à 323 M€, en hausse de 4% QoQ et 15.4% supérieur au consensus bénéficiant de plus faibles charges...
Underlying
Repsol SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

Yassine Batini

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