Engie SA

ENGI: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€71.00	Tgwh	Sztfdwxc

Engie Earnings: Continuing Strong Trading Performance Drives a Good Start To the Year; Shares Cheap

Tancrede Fulop

May 11, 2023

No-moat Engie revealed a strong rebound in its first-quarter EBIT, well above FactSet consensus, due to the continuing strong performance of the general energy management and sales business. This led the firm to guide for the upper end of its 2023 guidance, which still seems conservative.

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