NEOEN : HSBC maintains 'hold' recommendation ahead of earnings results
The broker says it expects a solid publication, with adjusted Ebitda of 473 million euros, up 14%, compared with a consensus of 471 million euros and the target of 470-480 million euros communicated by the group.
The broker nonetheless expects fewer catalysts for 2024, due to the downturn in electricity prices.
For 2024, HSBC expects adjusted Ebitda of 528 million euros, compared with analysts' consensus of 551 million euros, representing growth of 11%, but marking a clear slowdown compared with 2023.
Its court target shows potential growth of 9.7%.
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