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EDF records an organic increase of 15.7% in its turnover over nine months

2021-11-10T09:01:51.476Z


Driven by nuclear production and soaring gas prices, the French giant reached 57 billion euros in turnover over the period.


EDF confirmed its financial objectives on Wednesday after seeing its turnover increase over the first nine months of the year thanks to better nuclear production and the soaring gas prices in particular.

Read alsoHow EDF is preparing for the revival of nuclear power

Its turnover reached 57 billion euros over the period, up organically (at comparable scope, standards and exchange rates) of 15.7%, the electricity giant announced in a press release.

Production driven by Italy

It benefited in particular from a better level of nuclear production but also from "

the sharp rise in gas prices and volumes

," says EDF.

The current surge in gas prices is particularly beneficial in Italy.

By activity, Italy (+ 55.1%) and production and marketing activities in France (+ 13.8%) thus progressed strongly.

Within these activities, the main ones of the group, EDF benefited above all from “

favorable volume effects

” with the increase in its nuclear production over one year.

This development is linked to less modulations in a context of high market prices and better availability of nuclear power plants in 2021,

” he explains.

See also EDF loses 400 million euros by speculating on the electricity market

The group confirmed its forecasts, expecting in particular an Ebtida (gross operating surplus) above 17.7 billion this year.

This publication comes as President Emmanuel Macron announced on Tuesday evening that France would relaunch a nuclear program and build new reactors on its soil, but postponing the details of these future EPRs until later.

Source: lefigaro

All business articles on 2021-11-10

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