Uniper : H1 2020 results in line with our expectations
>H1 results in line with our estimates - Uniper has reported a satisfactory set of H1 H020 earnings, in line with our expectations. Adjusted EBITDA was up to € 393m (+54% y-o-y) vs € 385m forecast (ODDO BHF / consensus). Adjusted EBIT totalled € 691m (+124% y-o-y) vs € 685m forecast (consensus at € 699m). Net profit totalled € 527m (+178% y-o-y), in line with expectations (ODDO BHF and the consensus € 535m). Net economic debt rose by € 646m to € 3.3bn after the payme...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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