Engie’s Q3 results are slightly better than expected with adjusted revenues (including E&P as discounted operations) at €46.8bn for the nine months, which implies a 2.9% increase. In line with revenue growth, the company achieved a +3.8% increase in the adjusted EBITDA to €6.6bn. The group maintains its full-year guidance with adjusted net income of €2.4-2.6bn in the mid-range of the target. EBITDA, on the other hand, is expected to be in the lower range of expectatio
09 Nov 2017
Transformation ahead of expectations; resilient results partly offset by nuclear and hydro
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Transformation ahead of expectations; resilient results partly offset by nuclear and hydro
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
09 Nov 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Engie’s Q3 results are slightly better than expected with adjusted revenues (including E&P as discounted operations) at €46.8bn for the nine months, which implies a 2.9% increase. In line with revenue growth, the company achieved a +3.8% increase in the adjusted EBITDA to €6.6bn. The group maintains its full-year guidance with adjusted net income of €2.4-2.6bn in the mid-range of the target. EBITDA, on the other hand, is expected to be in the lower range of expectatio