PKO Bank Polski - Energa (ENG) Energa - 1Q19 in line with the preliminary results. Loss in Trade segment could be reduced. Slightly positive

Report

PKO Bank Polski

Stanisław Ozga

Energa - 1Q19 in line with the preliminary results. Loss in Trade segment could be reduced. Slightly positive

Research prepared by PKO BP Securities

30/05/2019 4 EN

Underlying

Energa

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Provider

PKO Bank Polski

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Analysts

Stanisław Ozga

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Energa - 1Q19 in line with the preliminary results. Loss in Trade segment could be reduced. Slightly positive

Energa - 1Q19 preliminary EBITDA below mkt consensus on losses of Trade segment. Negative

What is new? Cheap coal and expensive CO2.

Famur - Bullish outlook + hard rock entry (positive)

Stalexport - Benefit on VAT exemption? (positive)

- Dziennik

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