Q3 19 figures was broadly in line with expectations. Although Client Solutions continues to grow, the group slightly lowered its full-year guidance because of the fierce competition. Guidance for the Renewables division was also revised downward to reflect the adverse hydro conditions. However, even after these two headwinds, we confirm our positive on these divisions, which offer good long-term growth prospects. Moreover, the group confirmed its full-year guidance. We thus confirm our Buy re
07 Nov 2019
FY guidance confirmed despite some headwinds
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FY guidance confirmed despite some headwinds
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
07 Nov 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Q3 19 figures was broadly in line with expectations. Although Client Solutions continues to grow, the group slightly lowered its full-year guidance because of the fierce competition. Guidance for the Renewables division was also revised downward to reflect the adverse hydro conditions. However, even after these two headwinds, we confirm our positive on these divisions, which offer good long-term growth prospects. Moreover, the group confirmed its full-year guidance. We thus confirm our Buy re