Engie: Supportive Earnings And Yields
Portfolio Pulse from
Engie's Q3 results surpassed expectations with EBIT at €8.1 billion and net recurring income at the upper end of guidance. Strong cash flow and lower financial costs support a positive outlook, with a 7-10% dividend yield until 2027. Despite regulatory risks, Engie's growth in renewable energy and operational performance justify a buy rating.
November 27, 2024 | 9:00 am
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POSITIVE IMPACT
Engie's Q3 results exceeded expectations, with strong EBIT and cash flow. The company offers a 7-10% dividend yield until 2027, and its growth in renewable energy supports a buy rating despite regulatory risks.
Engie's strong Q3 performance, with EBIT exceeding expectations and robust cash flow, supports a positive outlook. The company's commitment to renewable energy and a high dividend yield make it attractive to investors, despite regulatory risks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100