The group was severely impacted during Q2 20, with net income that halved. But the figures are roughly in line with our and the market expectations. However, the FY20 guidance is below market expectations, except for net income. But the most important announcement was the confirmation of rumours about the sale of up to €9bn, mainly services. The group wants to focus on renewables and networks. Positive recommendation confirmed.
31 Jul 2020
H1 20 down but in line with expectations
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H1 20 down but in line with expectations
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
31 Jul 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
The group was severely impacted during Q2 20, with net income that halved. But the figures are roughly in line with our and the market expectations. However, the FY20 guidance is below market expectations, except for net income. But the most important announcement was the confirmation of rumours about the sale of up to €9bn, mainly services. The group wants to focus on renewables and networks. Positive recommendation confirmed.