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Cenergy Holdings Sa: 1 director
A director at Cenergy Holdings Sa bought 47,613 shares at 9.130EUR and the significance rating of the trade was 94/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
- Andreas Souvleros
- CFA
- Christiana Armpounioti
- Marios Bourazanis
- Natalia Svyriadi
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Greek Equity Strategy – 2025 outlook | Almost same story, different ye...
Repeat of 2024, with different headwinds – Following a year in which Greek equities performed broadly in line with EU periphery stocks (but better than broad EU indices), 2025 looks somewhat trickier given international headwinds (e.g. tariffs, geopolitics). Easing monetary policy is certainly a positive, in the sense that it could justify higher valuations, but the overriding driver of re-rating would be a resolution of the war in Ukraine, as is the case for the EU as a whole. On the positive s...
- Andreas Souvleros
- CFA
- Christiana Armpounioti
- Marios Bourazanis
- Natalia Svyriadi
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Greek Equity Strategy – 2025 outlook | Almost same story, different ye...
Repeat of 2024, with different headwinds – Following a year in which Greek equities performed broadly in line with EU periphery stocks (but better than broad EU indices), 2025 looks somewhat trickier given international headwinds (e.g. tariffs, geopolitics). Easing monetary policy is certainly a positive, in the sense that it could justify higher valuations, but the overriding driver of re-rating would be a resolution of the war in Ukraine, as is the case for the EU as a whole. On the positive s...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
CENERGY HOLDINGS | Tackling the Interconnection Shortage
Sustained high levels of execution; optionality from entry into the US – Operating momentum from the profitability step-up in FY’23 appears to have been carried into 2024 thus far, with results supported by greater execution and better-priced backlog in both core divisions. Considering the positive YTD trend, we recalibrate our estimates for 2024e, now penciling FY’24 group adj. EBITDA at €255m (+19% yoy, +5% vs our previous projection) and expecting particularly robust performance in H2’24. Goi...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
CENERGY HOLDINGS | Tackling the Interconnection Shortage
Sustained high levels of execution; optionality from entry into the US – Operating momentum from the profitability step-up in FY’23 appears to have been carried into 2024 thus far, with results supported by greater execution and better-priced backlog in both core divisions. Considering the positive YTD trend, we recalibrate our estimates for 2024e, now penciling FY’24 group adj. EBITDA at €255m (+19% yoy, +5% vs our previous projection) and expecting particularly robust performance in H2’24. Goi...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | Charging ahead with a backlog surge
Smooth project execution to propel further growth – Following an impressive FY’22 performance, with EBITDA rising to €137mn (+31% yoy), Cenergy’s H1’23 results confirmed that the Group remains on a solid footing. Notably, Group H1’23 EBITDA settled at €86mn (+67% yoy) on account of strong growth in both the cables and the steel pipes segments, with the latter also aided by the easy comp. In addition to the robust results, we draw attention to the rapidly growing backlog, which has jumped to €2.5...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | Charging ahead with a backlog surge
Smooth project execution to propel further growth – Following an impressive FY’22 performance, with EBITDA rising to €137mn (+31% yoy), Cenergy’s H1’23 results confirmed that the Group remains on a solid footing. Notably, Group H1’23 EBITDA settled at €86mn (+67% yoy) on account of strong growth in both the cables and the steel pipes segments, with the latter also aided by the easy comp. In addition to the robust results, we draw attention to the rapidly growing backlog, which has jumped to €2.5...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | ElectriGas growth unleashed
Leading cable/steel pipes manufacturer and electrification/gas play; market in secular growth – Cenergy is one of the leading cables/steel pipes manufacturers globally, with its activities focused on the production of high voltage cables (No 4 international player) and steel pipes. The group is diversified geographically (Greece just c30% of sales) while serving most subsector end markets. The main value driver of the group is the cables division, which accounted for c70%/80% of 2022 revenues an...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | ElectriGas growth unleashed
Leading cable/steel pipes manufacturer and electrification/gas play; market in secular growth – Cenergy is one of the leading cables/steel pipes manufacturers globally, with its activities focused on the production of high voltage cables (No 4 international player) and steel pipes. The group is diversified geographically (Greece just c30% of sales) while serving most subsector end markets. The main value driver of the group is the cables division, which accounted for c70%/80% of 2022 revenues an...
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