Concern about EDF's financial situation.
A few weeks before its complete renationalization and at the start of a complicated winter, the French electricity giant announced on Thursday a further increase in the financial impact of its drop in nuclear production this year.
The group is facing a drop in its electricity production, to a historic low due to the unavailability of nearly half of the 56 reactors in the nuclear fleet, shut down for scheduled maintenance or suspected corrosion problems or proven.
EDF estimates that the record drop in its electricity production will now weigh 32 billion euros on its gross operating surplus (Ebitda), an accounting indicator of profitability, instead of the 29 billion euros announced in September .
The highly anticipated arrival of new CEO Luc Rémont
To make matters worse, the strike of recent weeks in the power stations has caused “load reductions” or postponements of work in certain reactors.
The EDF group, 84% owned by the State, will soon be 100% renationalized, has also announced a turnover up 78% over 9 months.
But this is only the mechanical reflection of the rise in gas and electricity prices on the markets.
In this gloomy context, the arrival of the company's new CEO Luc Rémont in mid-November is eagerly awaited.
Economy
The future boss of EDF believes that the energy giant is going through a “serious crisis”
Company
EDF power plant strike: A wage agreement reached with the unions announces the CGT and FO
Economy
EDF
Energy
Nuclear
Electricity