EBITDA decreased by 2% to €3.1bn and operating income by 7% to €1.9bn, the CS division is the hardest hit by COVID-19, while the regulated infrastructures and renewables activities are expected to be rather resilient. Although the share should remain volatile in the short/medium term, our model (based on conservative assumptions) confirms our positive view over the long term.
12 May 2020
Mixed Q1 20
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Mixed Q1 20
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
12 May 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
EBITDA decreased by 2% to €3.1bn and operating income by 7% to €1.9bn, the CS division is the hardest hit by COVID-19, while the regulated infrastructures and renewables activities are expected to be rather resilient. Although the share should remain volatile in the short/medium term, our model (based on conservative assumptions) confirms our positive view over the long term.