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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Galp Energia, SGPS, S.A.    GALP   PTGAL0AM0009

GALP ENERGIA, SGPS, S.A.

(GALP)
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Galp Energia SGPS S A : Portugal's Galp halts fuel production at Matosinhos refinery

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10/13/2020 | 04:37pm EDT

LISBON, Oct 13 (Reuters) - Portugal's Galp Energia temporarily suspended fuel production at its smallest oil refinery at Matosinhos due to unstable national and international markets shaken by the coronavirus pandemic, a Galp spokesman said on Tuesday.

"Supply of the national market is guaranteed to remain, with an adequate level of products to satisfy the needs of the Portuguese, companies and industrial units," he said in a statement sent to Reuters.

Galp said that although the suspension had no end date as yet, no workers would be laid off.

The suspension, which began on Oct. 10, was Galp's second at the refinery this year, after one in April along with a halt at its largest refinery in Sines. The two refineries comprise 20% of refining capacity on the Iberian peninsula.

Galp resumed production at both refineries in June, a month after Portugal slowly started to emerge from a coronavirus lockdown.

Portugal has recorded nearly 90,000 confirmed coronavirus cases and 2,110 deaths - far fewer than in many other European countries. But the pandemic is set to leave lasting scars on the Portuguese economy, with the government predicting gross domestic product to contract 8.5% this year. (Reporting by Catarina Demony Editing by Mark Heinrich)


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Financials
Sales 2020 11 124 M 13 112 M 13 112 M
Net income 2020 -397 M -468 M -468 M
Net Debt 2020 2 517 M 2 966 M 2 966 M
P/E ratio 2020 -14,5x
Yield 2020 7,03%
Capitalization 6 136 M 7 262 M 7 233 M
EV / Sales 2020 0,78x
EV / Sales 2021 0,57x
Nbr of Employees 6 386
Free-Float 52,2%
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Technical analysis trends GALP ENERGIA, SGPS, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 12,55 €
Last Close Price 7,40 €
Spread / Highest target 130%
Spread / Average Target 69,5%
Spread / Lowest Target 26,4%
EPS Revisions
Managers
NameTitle
Carlos Nuno Gomes da Silva Vice Chairman & Chief Executive Officer
Paula Fernanda Ramos Amorim Chairman
Carlos Manuel Costa Pina Co-Chief Operating Officer & Executive Director
Josť Carlos da Silva Costa Co-Chief Operating Officer & Executive Director
Thore E. Kristiansen Co-Chief Operating Officer & Executive Director
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