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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE

(ENGI)
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11.375 EUR   -2.65%
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Engie : 1st Half Profit Dropped, Hit by Virus

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07/31/2020 | 02:50am EDT

By Giulia Petroni

Engie SA said Friday that net profit dropped in the first half of 2020 as its financial performance was significantly hit by Covid-19, and provided guidance for the full year.

The French energy company said net profit in the period was 24 million euros ($28.4 million) from EUR2.08 billion in the year-earlier period.

Revenues decreased to EUR27.43 billion from EUR30.25 billion.

Earnings before interest, taxes, depreciation and amortization came in at EUR4.48 billion from EUR5.32 billion the year prior.

"Results for the first half of 2020, and in particular for the second quarter, were down significantly with an estimated [current operating income] impact of about EUR0.85 billion due to the unprecedented Covid-19 crisis," the company said.

Looking at 2020, Engie said it expects net recurring income to be between EUR1.7 billion and EUR1.9 billion and capital expenditure between EUR7.5 billion and EUR8 billion. Guidance assumes a continued, gradual return to normal across geographies.

A new chief executive officer is expected to be appointed in September and potentially start by the end of the year, it said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -2.57% 10.25 Real-time Quote.5.96%
ENGIE -2.57% 11.385 Real-time Quote.-18.85%
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Financials
Sales 2020 55 033 M 65 335 M 65 335 M
Net income 2020 2 152 M 2 554 M 2 554 M
Net Debt 2020 26 571 M 31 545 M 31 545 M
P/E ratio 2020 12,5x
Yield 2020 4,76%
Capitalization 28 197 M 33 354 M 33 476 M
EV / Sales 2020 1,00x
EV / Sales 2021 0,90x
Nbr of Employees 171 000
Free-Float 72,2%
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Technical analysis trends ENGIE
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 13,98 €
Last Close Price 11,69 €
Spread / Highest target 45,5%
Spread / Average Target 19,7%
Spread / Lowest Target -26,2%
EPS Revisions
Managers
NameTitle
Claire Waysand Chief Executive Officer
Jean-Pierre Clamadieu Chairman
Paulo Jorge Tavares Almirante Group Chief Operating Officer & Executive VP
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Yves Le Gélard Chief Information & Digital Officer
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