Engie: penalised by Suez's warning, alongside Veolia
(CercleFinance.com) - Yesterday evening's profit warning for 2017 made by utility group Suez, has resulted in its share price collapsing about 15% in Paris today.
However, this late “warning” has also weighed on other related stocks: first, Suez's largest shareholder, Engie, see its share fall 2.6%, while Suez's main competitor, Veolia is down -1.9%.
The Veolia and Engie shares currently feature as the three largest fallers in the CAC 40.
In addition, its net income, group share is expected to be around 300 million euros, or roughly 0.50 euro per share. The dividend for 2017 has been set at 0.65 euro, which previously represented a minimal level.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
However, this late “warning” has also weighed on other related stocks: first, Suez's largest shareholder, Engie, see its share fall 2.6%, while Suez's main competitor, Veolia is down -1.9%.
The Veolia and Engie shares currently feature as the three largest fallers in the CAC 40.
In addition, its net income, group share is expected to be around 300 million euros, or roughly 0.50 euro per share. The dividend for 2017 has been set at 0.65 euro, which previously represented a minimal level.
Copyright (c) 2018 CercleFinance.com. All rights reserved.