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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 posts 98% slump in Q4 profit as pandemic hits margins, output

02/22/2021 | 02:13am EST

LISBON, Feb 22 (Reuters) - Portugal's oil and gas company, Galp Energia, on Monday posted a 98% plunge in adjusted fourth-quarter net profit on a steep slump in refining margins and a drop in output due to the impact of the coronavirus pandemic.

Galp suspended production at its largest unit in Sines and its smallest, Matosinhos, in April. It restarted production at both locations in June, but stopped it at Matosinhos in early October to not resume it again.

The company said production in the fourth quarter fell to 122,800 barrels of oil equivalent per day (boepd) on a working interest basis, from 136,900 boepd a year earlier.

The firm's refining margin fell to $1.6 per barrel in the fourth quarter from $3.3 in the same period last year.

Galp's adjusted net profit fell to 3 million euros ($3.64 million) from 157 million a year earlier, according to its statement.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 37% to 410 million euros.

Net profit and EBITDA has been adjusted to reflect changes in the company's stocks of crude. ($1 = 0.8251 euros) (Reporting by Sergio Goncalves Editing by Nathan Allen)


© Reuters 2021
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Financials
Sales 2020 11 126 M 13 203 M 13 203 M
Net income 2020 -490 M -582 M -582 M
Net Debt 2020 2 770 M 3 287 M 3 287 M
P/E ratio 2020 -17,0x
Yield 2020 4,48%
Capitalization 8 670 M 10 329 M 10 288 M
EV / Sales 2020 1,03x
EV / Sales 2021 0,78x
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
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 11,62 €
Last Close Price 10,46 €
Spread / Highest target 48,3%
Spread / Average Target 11,2%
Spread / Lowest Target -14,9%
EPS Revisions
Managers and Directors
NameTitle
Andrew Brown Vice Chairman & Chief Executive Officer
Filipe Crisóstomo Silva Chief Financial Officer & Executive Director
Paula Fernanda Ramos Amorim Chairman
Carlos Manuel Costa Pina Co-Chief Operating Officer & Executive Director
Thore E. Kristiansen Co-Chief Operating Officer & Executive Director
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