Uniper : A distinctly better performance expected in 2023 but fully priced in
>A good Q1 - Following last week's pre-release, Uniper confirmed yesterday morning Q1 2023 results in line with the prelims announced (see our Flash of 27 April 2023 "Good results but they do not change the fundamentals"). Adjusted EBITDA increased to € 964m from -€ 737m last year and € 685m expected by ODDO BHF. Adjusted EBIT came in at € 749m (vs -€917m in Q1 2022 and ODDO BHF's estimate of € 535m). Adjusted net profit totalled € 451m (vs -€ 674m in Q1 2022) above o...Uniper SE is a Germany-based energy generation and energy trading company. The Company operates through three segments: European Generation, Global Commodities and International Power Generation. The European Generation segment generates power and owns coal, gas, oil and combined gas and steam power plants, hydroelectric power plants, nuclear power stations in Sweden, a biomass plant in France, as well as solar and wind power facilities; the Global Commodities segment bundles the Company's energy trading activities, as well as its gas storage and supply business, and the International Power Generation segment comprises equity investments in energy generation companies in the Russian Federation and Brazil.
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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