Engie released a very strong set of results, with EBITDA surging by more than 43% and net income multiplying by 2.5x. No doubt on the drivers: the trading desk and nuclear generation have become cash cows. The rather conservative guidance was however confirmed.
The group also reduced its exposure to Gazprom and Russian gas, while it engaged in manoeuvres to keep the threat of windfall taxes at bay as far as possible.
01 Aug 2022
H1 22: another astonishing release, but this time guidance is confirmed
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H1 22: another astonishing release, but this time guidance is confirmed
Engie (ENGI:EPA), 0 | ENGIE SA. (ENGI:PAR), 0
- Published:
01 Aug 2022 -
Author:
Nicolas Bouthors | Olivier de Wismes -
Pages:
3
Engie released a very strong set of results, with EBITDA surging by more than 43% and net income multiplying by 2.5x. No doubt on the drivers: the trading desk and nuclear generation have become cash cows. The rather conservative guidance was however confirmed.
The group also reduced its exposure to Gazprom and Russian gas, while it engaged in manoeuvres to keep the threat of windfall taxes at bay as far as possible.