EDF shares fall after new profit warning due to nuclear outages
Shares in EDF fell 1.8% on Thursday after the French utility warned
outages at its nuclear power plants would result in a steeper-than-expected
cut in power output and thus have a greater than previously estimated
impact on 2022 core earnings. EDF said the impact of the outages largely
related to a program of inspections and repairs the company is carrying out
on some of its reactors would have a negative impact of around 18.5 billion
euros on the group’s core earnings this year instead of the 14 billion
euros previously forecast.
Financial Post 19th May 2022
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