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ENGIE Confirms 2024 Guidance with Strong Q1 Performance

ENGIE Confirms 2024 Guidance with Strong Q1 Performance

Engie SA (FR:ENGI) has released an update.

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ENGIE has reported robust operational and financial performance for the first quarter of 2024, maintaining solid growth in renewable energy with 7 GW under construction and surpassing 1 TWh of biomethane production capacity in Europe. Despite a slight organic decline in EBIT, cash flow from operations saw a significant increase, and the company has confirmed its 2024 guidance with a focus on energy transition and strategic investments in renewables and energy solutions.

For further insights into FR:ENGI stock, check out TipRanks’ Stock Analysis page.

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