Engie 1Q Earnings and Revenues Rise; Confirms 2018 Targets
15 Maggio 2018 - 8:45AM
Dow Jones News
By Alberto Delclaux
French utility company Engie SA (ENGI.FR) said Tuesday that its
earnings and revenues grew in the first quarter, with specially
solid performance in France.
Earnings before interest, taxes, depreciation and amortization
rose 3% to 3.16 billion euros ($3.78 billion) from EUR3.07 billion
a year earlier. On an organic basis, Ebitda was 6% higher, Engie
said. Revenues rose 1.2% to EUR17.52 billion.
The company attributed the rise in earnings and revenues to an
increase in renewable-power generation in France and Belgium, an
increase in gas and electricity sales in the French retail segment,
the commissioning of assets in Latin America and a push from
favorable temperatures on gas distribution in France.
"With a solid financial structure, the Group records an
historically low debt, below EUR20 billion, and restates all its
objectives for 2018," said Chief Executive Isabelle Kocher.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
May 15, 2018 02:30 ET (06:30 GMT)
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