The company reported this morning its Q4 16 results but also updated its outlook for the next five years. Q4 16 results Results as previously mentioned came in below expectations, with a Q4 16 net income of €121m vs. €128m expected. The miss is driven by the refining business with an EBITDA of €105m vs. €165m expected. For the full year, as it was integrated, production came in ahead of expectations at 68kbpd compared to 64kbpd while EBITDA came at €1.41bn. Keys Capit
21 Feb 2017
Guidance reached but not significantly revised up in the medium term
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Guidance reached but not significantly revised up in the medium term
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
21 Feb 2017 -
Author:
Alexandre Andlauer -
Pages:
2
The company reported this morning its Q4 16 results but also updated its outlook for the next five years. Q4 16 results Results as previously mentioned came in below expectations, with a Q4 16 net income of €121m vs. €128m expected. The miss is driven by the refining business with an EBITDA of €105m vs. €165m expected. For the full year, as it was integrated, production came in ahead of expectations at 68kbpd compared to 64kbpd while EBITDA came at €1.41bn. Keys Capit