EDF has published unsurprising H1 results, with all financial figures falling in line with what we expected. H1 sales have reached €35.72bn, down 1.1% organically. H1 EBITDA amounted to €7.0bn, down 20.6% organically. Reported net income fell by 3.7% to €2.0bn, while net income excluding non-recurring items decreased by 53.8%. These weak results were mainly affected by unfavourable market conditions and a decline in nuclear generation in France (-3.9%). However, the group still
31 Jul 2017
Guidance confirmed, but nothing to be impressed about
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Guidance confirmed, but nothing to be impressed about
- Published:
31 Jul 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
EDF has published unsurprising H1 results, with all financial figures falling in line with what we expected. H1 sales have reached €35.72bn, down 1.1% organically. H1 EBITDA amounted to €7.0bn, down 20.6% organically. Reported net income fell by 3.7% to €2.0bn, while net income excluding non-recurring items decreased by 53.8%. These weak results were mainly affected by unfavourable market conditions and a decline in nuclear generation in France (-3.9%). However, the group still