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4-Traders Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE (ENGI)
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Innogy CEO talks down European utility M&A prospects

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08/11/2017 | 11:10am CEST

FRANKFURT (Reuters) - The chief executive of Innogy (>> Innogy SE), Germany's largest energy group, on Friday dismissed talk of new, large-scale consolidation in the European utility sector, saying recent media reports about the matter were fuelled by fee-hungry banks.

FRANKFURT (Reuters) - The chief executive of Innogy (>> Innogy SE), Germany's largest energy group, on Friday dismissed talk of new, large-scale consolidation in the European utility sector, saying recent media reports about the matter were fuelled by fee-hungry banks.

"There is more being written about it than there is substance to it," Peter Terium said, responding to reports that parent RWE (>> RWE) was in talks with France's Engie (>> Engie) about selling its 76.8 percent stake in Innogy.

"Of course, there are numerous banks out there that want to advise because it is in their interest and because they want to cash in on fees. There is no commercial basis for any of this."

(Reporting by Christoph Steitz; Editing by Victoria Bryan)

Stocks treated in this article : Engie, RWE, Innogy SE
Stocks mentioned in the article
ChangeLast1st jan.
ENGIE 0.26% 13.375 Real-time Quote.-6.94%
INNOGY SE 0.22% 36.68 Delayed Quote.12.01%
RWE 1.33% 22.16 Delayed Quote.28.65%
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Financials (€)
Sales 2018 63 406 M
EBIT 2018 5 400 M
Net income 2018 2 453 M
Debt 2018 21 833 M
Yield 2018 5,58%
P/E ratio 2018 13,09
P/E ratio 2019 11,99
EV / Sales 2018 0,86x
EV / Sales 2019 0,87x
Capitalization 32 742 M
Chart ENGIE
Duration : Period :
ENGIE Technical Analysis Chart | ENGI | FR0010208488 | 4-Traders
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 15,5 €
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Isabelle Kocher Chief Executive Officer & Director
Jean-Pierre Clamadieu Chairman
Didier Holleaux Chief Operating Officer
Judith Hartmann Chief Financial Officer & Executive Vice President
Yves Le Gélard Chief Information & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE-6.94%38 198
ELECTRICITÉ DE FRANCE17.75%43 336
NATIONAL GRID PLC-3.90%36 741
SEMPRA ENERGY7.85%30 196
ORSTED19.37%27 357
E.ON6.99%25 080