A strong release from EDF for its first 9M 21 with 16.8% revenue growth to €57.1bn, a sequential acceleration vs 14.1% growth in H1. The strong nuclear output and positive pricing effects linked to the TURPE 6 and gas prices were the main drivers. The group confirmed its FY21 targets and reaffirmed its confidence to beat the consensus. Nuclear generation output particularly paves the way for a very strong Q4.
Positive view confirmed and upward revisions expected in our model.
10 Nov 2021
9M 21: good momentum confirmed, very promising outlook on nuclear generation
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9M 21: good momentum confirmed, very promising outlook on nuclear generation
A strong release from EDF for its first 9M 21 with 16.8% revenue growth to €57.1bn, a sequential acceleration vs 14.1% growth in H1. The strong nuclear output and positive pricing effects linked to the TURPE 6 and gas prices were the main drivers. The group confirmed its FY21 targets and reaffirmed its confidence to beat the consensus. Nuclear generation output particularly paves the way for a very strong Q4.
Positive view confirmed and upward revisions expected in our model.