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ENGI Engie

15.51
-0.124 (-0.79%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Engie EU:ENGI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.124 -0.79% 15.51 15.48 15.512 15.694 15.44 15.664 6,950,577 16:40:00

Engie's Earnings Rose in 2019

27/02/2020 8:27am

Dow Jones News


Engie (EU:ENGI)
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From Mar 2019 to Mar 2024

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   By Giulia Petroni 
 

Engie SA said Thursday that net recurring income rose in 2019 and issued its medium-term objectives.

The French utility company said net recurring income rose to 2.7 billion euros ($2.94 billion), up from EUR2.5 billion a year earlier.

Revenue increased to EUR60.1 billion from EUR57 billion the previous year, Engie said. The company attributed the rise partly to a number of acquisitions in its client-solutions business and a slightly positive foreign exchange effect.

Analysts had forecast net profit of EUR2.56 billion on revenue of EUR63.26 billion, according to a consensus compiled by FactSet.

Earnings before interest, tax, depreciation and amortization came in at EUR10.4 billion, up from EUR9.7 billion in 2018.

The group said it would propose a dividend of EUR0.80 a share for 2019, up 7% compared with the 2018 ordinary dividend.

Engie said it expects net recurring income to be between EUR2.27 billion and EUR2.29 billion in 2020.

For 2022, the company expects net recurring income to grow at a compound annual growth rate of between 6% and 8%, which equates to a growth of between EUR3.2 billion and EUR3.4 billion.

 

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

 

(END) Dow Jones Newswires

February 27, 2020 03:12 ET (08:12 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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