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    GALP   PTGAL0AM0009

GALP ENERGIA, SGPS, S.A.

(GALP)
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Galp Energia SGPS S A : Sines crude distillation unit shut, Galp says supply in Portugal unaffected

10/17/2021 | 08:48am EST

LISBON, Oct 17 (Reuters) - The atmospheric distillation unit at Portugal's 225,000-barrel-per-day Sines oil refinery owned by Galp Energia has been in an unplanned outage since the beginning of last week, the company said.

It said it expected no supply disruptions in the Portuguese market.

In a filing issued late on Friday, Galp said that, due to an "unplanned event in one of the furnaces" it had shut down the unit, which, after restart, was expected to operate at lower run rates for some weeks.

"The conversion units are operating under normal conditions. Galp will continue to supply its customers, with no expected disruptions in the Portuguese market," it said, without mentioning any potential impact on sales abroad.

After Galp closed a small refinery in Matosinhos in April, the Sines refinery is the only operating in Portugal and one of the largest in Iberia. Last year, exports accounted for 35% of oil product sales. (Reporting by Sergio Goncalves, editing by Andrei Khalip; editing by John Stonestreet)


© Reuters 2021
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Financials
Sales 2021 16 162 M 18 252 M 18 252 M
Net income 2021 510 M 576 M 576 M
Net Debt 2021 2 930 M 3 308 M 3 308 M
P/E ratio 2021 15,0x
Yield 2021 6,90%
Capitalization 7 259 M 8 160 M 8 198 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,55x
Nbr of Employees 6 114
Free-Float 52,2%
Chart GALP ENERGIA, SGPS, S.A.
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Galp Energia, SGPS, S.A. Technical Analysis Chart | GALP | PTGAL0AM0009 | MarketScreener
Technical analysis trends GALP ENERGIA, SGPS, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 8,75 €
Average target price 11,94 €
Spread / Average Target 36,4%
EPS Revisions
Managers and Directors
Andrew Brown Vice Chairman & Chief Executive Officer
Filipe Crisóstomo Silva Chief Financial Officer & Executive Director
Paula Fernanda Ramos Amorim Chairman
Carlos Manuel Costa Pina COO-Corporate & Others, Executive Director
Luís Manuel Pego Todo Bom Independent Non-Executive Director
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