Engie has published its Q1-17 trading update. The figures were below expectations as, despite the 3.2% increase in revenues to €19.5bn, EBITDA declined by 3.6% to €3.3bn and operating income declined by 4.6% to €2.2bn mainly driven by low hydro production in France and the shutdown of one nuclear reactor since September 2016. The earnings results were below market expectations. Despite the weak Q1 earnings performance, the group confirmed the full year guidance (EBITDA of &euro
05 May 2017
Weak start of the year, but financial structure improves
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Weak start of the year, but financial structure improves
ENGIE SA. (ENGI:WBO) | 0 0 1.4% | Mkt Cap: 30,916m
- Published:
05 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Engie has published its Q1-17 trading update. The figures were below expectations as, despite the 3.2% increase in revenues to €19.5bn, EBITDA declined by 3.6% to €3.3bn and operating income declined by 4.6% to €2.2bn mainly driven by low hydro production in France and the shutdown of one nuclear reactor since September 2016. The earnings results were below market expectations. Despite the weak Q1 earnings performance, the group confirmed the full year guidance (EBITDA of &euro