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Drop in earnings and nuclear output targets for French corporation EDF

French power group EDF lowers 2017 earnings and nuclear output targets, Reuters Staff, PARIS, Oct 27 (Reuters) – French state-controlled power group EDF lowered its 2017 targets for nuclear power output and for earnings before interest, tax, depreciation and amortisation (EBITDA), following restart delays at its Tricastin nuclear plant.

EDF said it was revising its 2017 nuclear output target down to 383-387 terrawatt-hour (TWh), compared to a previous revised target of 385-392 TWh.

It also cut its 2017 EBITDA target down to 13.4-14.0 billion euros ($15.5 billion-$16.2 billion), compared to an earlier EBITDA target range from 13.7-14.3 billion euros previously…..


October 28, 2017 - Posted by | business and costs, France

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