Engie released an adjusted EBITDA excluding Nuclear for H1 23 of €8.8bn, up by €2bn yoy, beating market expectations. As in Q1, 95% of the outperformance was achieved by Other, for which the group has already indicated that a normative EBIT should be around €1bn on an annual basis. So beware of the hype surrounding these excellent figures!
28 Jul 2023
H1 23: very strong earnings but unsustainable outperformance over the long term
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H1 23: very strong earnings but unsustainable outperformance over the long term
Engie (ENGI:EPA), 0 | ENGIE SA. (ENGI:PAR), 0
- Published:
28 Jul 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3
Engie released an adjusted EBITDA excluding Nuclear for H1 23 of €8.8bn, up by €2bn yoy, beating market expectations. As in Q1, 95% of the outperformance was achieved by Other, for which the group has already indicated that a normative EBIT should be around €1bn on an annual basis. So beware of the hype surrounding these excellent figures!