Poland's Enea shares rise after Q2 beat

Enea SA

03/09/2024 08:30

** Shares in Poland's Enea  ENAE.WA  rise around 5%, to
their highest since mid-July, after the power producer reported
preliminary Q2 results which surpassed market expectations
    ** The company reported on Friday an EBITDA of 1.59 billion
zlotys, 11% above consensus cited by Erste Group, while its net
profit came in 75% ahead
    ** "Enea beat market consensus thanks to the continued good
generation segment," says Erste analyst Petr Bártek in a note
    ** He adds that the results were also affected by strong
unit margins in supply and stable growth in the distribution
segment
    ** Stock rises to the top of Poland's mid-cap MWIG40
 .MWIG40  index

($1 = 3.8616 zlotys)

 (Reporting by Rafal Wojciech Nowak)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))