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EDF returns to green in the first half of the year

2021-07-29T06:47:52.875Z


The electricity producer announced Thursday a sharp increase in net profit, to 4.172 billion euros in this first half.


EDF returned to the green in the first half, with a net profit of 4.172 billion euros after a loss of 701 million a year earlier, its activity benefiting in particular from an increase in its nuclear production, announced Thursday the producer of 'electricity.

Read also: Emmanuel Macron postpones the major reorganization of EDF

Its turnover increased by 14.1% (+ 13.7% organically) to 39.6 billion.

EBITDA (gross operating surplus) is up 29.3% to 10.6 billion, thanks to "

an increase in nuclear production in France and a colder climate in a context of rising fuel prices. electricity and gas

”.

EDF emphasizes that this EBITDA also climbs by 26.8% compared to the first half of 2019, which had not been affected by the Covid crisis.

The group had revised upwards its objectives for 2021 at the beginning of July, in particular now providing for an EBITDA greater than 17.7 billion, against a figure greater than greater than 17 billion previously targeted.

EDF had previously revised its nuclear production target upwards in France.

Source: lefigaro

All business articles on 2021-07-29

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