The group has provided strong results given the conditions, beating forecasts across the board on its 2016 performance. Revenue decreased by 3% yoy to £27.1bn, but the contraction is less dramatic than expected. Adjusted operating profit, on the other hand, increased by 3.8% yoy and is 6% above market consensus, with adjusted net income on the same path with 3.8% yoy growth to €895m. EPS decreased by 2% yoy due to the issued shares and the diluting effect of the capital increase ma
23 Feb 2017
Strong 2016 performance, but weak guidance and dividend below expectations
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Strong 2016 performance, but weak guidance and dividend below expectations
Centrica plc (CNA:LON) | 128 -1.7 (-1.0%) | Mkt Cap: 6,885m
- Published:
23 Feb 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
4
The group has provided strong results given the conditions, beating forecasts across the board on its 2016 performance. Revenue decreased by 3% yoy to £27.1bn, but the contraction is less dramatic than expected. Adjusted operating profit, on the other hand, increased by 3.8% yoy and is 6% above market consensus, with adjusted net income on the same path with 3.8% yoy growth to €895m. EPS decreased by 2% yoy due to the issued shares and the diluting effect of the capital increase ma