Overall, the operating figures show the good resilience of the business model. Despite an 11% drop in capacity (rotation of hydroelectric assets and closure of thermal assets), total production is down by only 4%. The financial figures (expected for 24/02) should be in line with our model. We confirm our positive recommendation, despite the limited upside.
22 Jan 2021
FY20 operating figures
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FY20 operating figures
- Published:
22 Jan 2021 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
Overall, the operating figures show the good resilience of the business model. Despite an 11% drop in capacity (rotation of hydroelectric assets and closure of thermal assets), total production is down by only 4%. The financial figures (expected for 24/02) should be in line with our model. We confirm our positive recommendation, despite the limited upside.