Uniper : Disappointing interim results pending Fortum’s major manoeuvres
>H1 2021 results a shade below our estimates - Uniper yesterday reported H1 2021 results that were slightly shy of our expectations. Adjusted EBITDA came in at € 900m (-11% y-o-y) vs € 924m expected by ODDO BHF and € 946m by the consensus. Adjusted EBIT was also down 16% to € 580m (vs ODDO BHF at € 591m and the consensus at € 603m). This decline in performance is mainly due to the increase in provisions for carbon allowances compared with H1 2020. Net income group sha...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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