EDF reports profitable 2011

Electricite de France SA's (EDF) net profit surged in 2011, on the back of a favorable basis for comparison as well as higher nuclear output.

The Wall Street Journal reports that the company expects its 2012 performance to be in line with its medium-term forecasts, although the year will be marked with many uncertainties as the outcome of the presidential election in spring could impact the group's strategy.

In 2011, EDF's net profit jumped to €3.01bn ($3.93bn) from a reported €1bn a year earlier, with analysts polled by FactSet having expected €3.41bn.

Earnings before interest, tax, depreciation and amortization, or Ebitda, last year dropped 10.8 per cent to €14.82bn from a reported €16.62bn a year earlier. Adjusted to take into account divestitures over 2010, the group's 2010 net profit was at €3.1bn and Ebitda was at €14.16bn.

For more power business news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...