PGE tops Poland's blue-chip index on preliminary Q2 beat

PGE Polska Grupa Energetyczna SA

02/09/2024 09:37

** Shares in  PGE.WA  rise around 4% after Poland's largest
power producer's Q2 preliminary results exceeded expectations
    ** Its Q2 net profit was 1.13 billion zlotys ($292.35
million), 75% above a consensus cited by Erste Group, while
recurring EBITDA was 13% ahead
    ** "We appreciate the good unit margin in the district
heating segment ... solid unit supply margin and ... improvement
in the conventional generation," Erste analyst Bártek Petr says
    ** The stock tops Poland's blue-chip index WIG 20  .WIG20 

($1 = 3.8652 zlotys)

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