EDF published today its Q3 update in which the group released only its revenue numbers. These showed a 4.7% yoy decrease to €51.96bn, which represents -3.1% in organic terms. If we take out the one-off €1.02bn increase due to retroactive tariff adjustments, then the effect would have been a 5% yoy organic decrease. In France, the group achieved 0.4% in organic terms (including the tariff increase). In the UK, sales dropped 19.7% yoy and 10.4% organically due to lower prices, custome
09 Nov 2016
UK revenues hurt 9m results; approval of capacity market is a positive
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UK revenues hurt 9m results; approval of capacity market is a positive
- Published:
09 Nov 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
EDF published today its Q3 update in which the group released only its revenue numbers. These showed a 4.7% yoy decrease to €51.96bn, which represents -3.1% in organic terms. If we take out the one-off €1.02bn increase due to retroactive tariff adjustments, then the effect would have been a 5% yoy organic decrease. In France, the group achieved 0.4% in organic terms (including the tariff increase). In the UK, sales dropped 19.7% yoy and 10.4% organically due to lower prices, custome