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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

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.

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
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Financials (€)
Sales 2017 65 330 M
EBIT 2017 5 738 M
Net income 2017 2 435 M
Debt 2017 23 527 M
Yield 2017 4,79%
P/E ratio 2017 14,94
P/E ratio 2018 14,36
EV / Sales 2017 0,91x
EV / Sales 2018 0,87x
Capitalization 35 604 M
Chart ENGIE
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Engie Technical Analysis Chart | ENGI | FR0010208488 | 4-Traders
Technical analysis trends ENGIE
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 15,0 €
Spread / Average Target 2,7%
EPS Revisions
Managers
NameTitle
Isabelle Kocher Chief Executive Officer & Director
Gérard Mestrallet Chairman
Judith Hartmann Chief Financial Officer & Executive Vice President
Anne-Marie Mourer Director
Alain Beullier Director
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE20.63%41 849
NATIONAL GRID PLC-1.72%42 016
ELECTRICITÉ DE FRANCE26.40%38 503
SEMPRA ENERGY13.70%28 731
PPL CORP11.98%26 152
E.ON49.63%25 937