Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Uniper : Slowdown in the pace of growth in line with expectations

>Guidance narrowed upward with no surprise - Uniper released figures in line with expectation this morning. H1 2020 adjusted EBITDA came in at € 1,012m (+54%) vs € 1,050m expected (€ 1,030m consensus), while adjusted EBIT was up 124% to € 691m vs € 685m expected (€ 699m consensus). Net income stood at € 527m (+178%) but in line with expectations (€ 535m ODDO BHF / Consensus). Economic net debt rose by € 646m to € 3.3bn after the dividend payment in Q2 2020 and slightl...
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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