Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Uniper : Bright prospects for the year but still an uncertain decade

>Q1 results beat forecasts - Uniper has reported Q1 2021 results that beat expectations. Adjusted EBITDA was € 889m (+10% y-o-y) vs our forecast of € 860m and € 812m for the consensus. Adjusted EBIT was, as announced on 27 April, up 12% y-o-y to € 731m, a shade above forecasts (ODDO BHF at € 700m and € 654m for the consensus). This outperformance was primarily driven by extraordinary gains stemming from international activities in the global commodities segment. Adju...
Underlying
Uniper SE

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.

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
Louis Boujard, CFA

Philippe Ourpatian

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