Less dramatic than expected H1 results, as the group continues to feel the downward pressure from both electricity and commodity markets. Revenues decreased 2% yoy to €38.52bn, which is in line with expectations. EBITDA decreased by 4.79% yoy to €6.12bn, although the decrease is less than expected. The operating profit of the group decreased by 13% yoy to €3.61bn, but is still 4% above consensus. But the best results are provided on the bottom line, as adjusted net income reach
29 Jul 2015
Decreasing trend continues, driven by lower commodity and electricity prices
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Decreasing trend continues, driven by lower commodity and electricity prices
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
29 Jul 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Less dramatic than expected H1 results, as the group continues to feel the downward pressure from both electricity and commodity markets. Revenues decreased 2% yoy to €38.52bn, which is in line with expectations. EBITDA decreased by 4.79% yoy to €6.12bn, although the decrease is less than expected. The operating profit of the group decreased by 13% yoy to €3.61bn, but is still 4% above consensus. But the best results are provided on the bottom line, as adjusted net income reach