Engie beat our expectations on the FY21 results driven by the remarkable performance of its nuclear assets. While some might think of this as a one-off, the group has confirmed with a set of solid targets for 2022-24, paving the way for continuous growth after turning the page on nuke and Equans, even if conservative assumptions leave room for upside.
Note, however, a slight disappointment in the dividend, with €0.85 proposed vs €0.90 expected, and net debt affected by margin calls.
15 Feb 2022
FY21: strong nuke, solid guidance, weak assumptions
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FY21: strong nuke, solid guidance, weak assumptions
Engie (ENGI:EPA), 0 | ENGIE SA. (ENGI:PAR), 0
- Published:
15 Feb 2022 -
Author:
Nicolas Bouthors -
Pages:
3
Engie beat our expectations on the FY21 results driven by the remarkable performance of its nuclear assets. While some might think of this as a one-off, the group has confirmed with a set of solid targets for 2022-24, paving the way for continuous growth after turning the page on nuke and Equans, even if conservative assumptions leave room for upside.
Note, however, a slight disappointment in the dividend, with €0.85 proposed vs €0.90 expected, and net debt affected by margin calls.