Uniper: stock down despite raising 2020 targets
(CercleFinance.com) - The Uniper share is down about % in Frankfurt on Tuesday, despite tightening up its annual targets, with the energy group now aiming at adjusted net profit of 600-800 million euros and an adjusted EBIT of 800 million to 1 billion euros.
In line with Oddo BHF's expectations, over H1 2020 the German group reported adjusted earnings that are up 178% to 527 million euros and adjusted EBIT that is up 124% to 691 million euros over the first six months of the year.
Most of the results were booked in the first quarter, the broker stresses however, which also notes an increase in net economic debt to 3.3 billion euros and maintains its "reduce" rating on the share.
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In line with Oddo BHF's expectations, over H1 2020 the German group reported adjusted earnings that are up 178% to 527 million euros and adjusted EBIT that is up 124% to 691 million euros over the first six months of the year.
Most of the results were booked in the first quarter, the broker stresses however, which also notes an increase in net economic debt to 3.3 billion euros and maintains its "reduce" rating on the share.
Copyright (c) 2020 CercleFinance.com. All rights reserved.