EDF Group 2016 half-year results

  • EBITDA: €8.9 billion, nearly stable (-0.7% organic variation) in challenging market conditions in France and the UK.
  • Net income excluding non-recurring items: €3.0 billion, +1.4%
    • +€0.3 billion from the positive effect of the extension to 50 years of the accounting depreciation period of the PWR 900MW series
  • Net income – Group share: €2.1 billion, -17.2%, essentially in relation to asset impairments.
  • Nuclear output:
    • France: 205.2TWh, down 2.5% due in particular to additional inspections resulting in the extension of certain planned outages
    • United Kingdom: 30.9TWh, up 1.8%, good operational performance
  • Renewable energies:
    • More than 6TWh generated by EDF √Čnergies Nouvelles, +16%
    • 1.6GW of capacity under construction
  • Net financial debt/EBITDA ratio: 2.1x, stable vs. 31/12/2015


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