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French nuclear power group EDF to have a bigger loss than previously expected


French nuclear power group EDF is expecting a hit of around 32 billion
euro ($32.18 billion) to its full-year core earnings from lower nuclear
production, a bigger loss than previously forecast and its sixth profit
warning this year.

The French government, which already owns 84% of EDF, is
in the process of fully re-nationalising the company, the debt-laden
operator of Europe’s largest fleet of nuclear power plants.

 Reuters 27th Oct 2022


October 31, 2022 - Posted by | business and costs, France

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