BREF – EDF posts Q1 turnover up to 35.58 billion | Photo credits: EDF – BEAUCARDET WILLIAM
May 4 (Reuters) – ELECTRICITE DE FRANCE SA:
* TURNOVER: + 61% ORG. IN A CONTEXT OF HIGH WHOLESALE PRICES AND A CAP OF 4% INCL. VAT ON REGULATED TARIFFS IN FRANCE
* LAUNCH OF THE SECOND PHASE OF THE “GRAND CARÉNAGE” PROGRAM COVERING THE PERIOD 2022-2028 AT AN ESTIMATED COST OF AROUND 33BILLION EUROS
* DECREE RELATING TO THE ADDITIONAL ALLOCATION OF 20 TWH DEVOLUMES ARENH FOR 2022 PUBLISHED ON MARCH 12, 2022
* UK GOVERNMENT ANNOUNCEMENT OF A PROGRAM TO TRIPLE INSTALLED NUCLEAR CAPACITY TO 24 GW BY 2050
* CONFLICT IN UKRAINE: NO EXPOSURE WITH RUSSIAN COMPANIES IMPACTED BY INTERNATIONAL SANCTIONS TO DATE
* ACCELERATION IN SERVICES AND GROWTH IN THE NUMBER OF ELECTRICITY, GAS AND SERVICE CONTRACTS IN FRANCE: MORE THAN +190,000 IN THE 1ST QUARTER 2022 VS -126,000 IN THE 1ST QUARTER 2021
* NUMBER OF ELECTRICITY CONTRACTS INCREASED SINCE SEPTEMBER 2021
* INDIRECT IMPACT OF THE CONFLICT IN UKRAINE: HIGH VOLATILITY OF RAW MATERIALS, INCREASE IN MARKET PRICES AND CERTAIN TENSIONS IN THE GROUP’S SUPPLY CHAINS
* Q1 REVENUE EUR 35.58 BILLION VERSUS EUR 21.95 BILLION A YEAR AGO
* IN THE FIRST QUARTER OF 2022, THE GROUP IS IN A NET BUYER POSITION DUE TO THE LOWER NUCLEAR AND HYDRAULIC PRODUCTION, UNLIKE IN THE 1ST QUARTER OF 2021 WHEN IT WAS NET SELLER