28/8/14

Manos Chatzidakis ΔΕΗ: results vs market estimates.


PPC posted a soft Q2 below market consensus on net earnings due to higher provisions.

The following table summarises Q2/H1 results vs market estimates.

PPC
Results H1 2014
Estimates H1'14
In thous. euro
2013
2014
Δ
 H1 14 E
Δ (Est)
Sales
2,951,205 
2,833,600 
-4.0% 
2,862,700
-1.0%
Q2
1,464,369 
1,344,700 
-8.2% 
1,373,800
-2.1%
EBITDA
586,364 
547,700 
-6.6% 
542,719
0.9%
(% Sales)
19.87% 
19.33% 
-54 bps 
18.96%
+37 bps
Q2
332,345 
238,281 
-28.3% 
233,300
2.1%
(% Sales)
22.70% 
17.72% 
-498 bps 
16.98%
+74 bps
Net Income
127,110 
96,300 
-24.2% 
102,038
-5.6%
(% Sales)
4.31% 
3.40% 
-91 bps 
3.56%
-17 bps
Q2
77,752 
14,992 
-80.7% 
20,730
-27.7%
(% Sales)
5.31% 
1.11% 
-419 bps 
1.51%
-39 bps


Manos Chatzidakis
Head of research
Beta Securities S.A.

0 σχόλια:

Δημοσίευση σχολίου

Ο σχολιασμός επιτρέπεται μόνο σε εγγεγραμμένους χρήστες

About Me