EDF aims for strong growth in energy services

PARIS, June 29 (Reuters) – EDF announced on Tuesday a target of strong growth in the results of its customers, services and territories division by 2030, driven by its services activities, and indicated that it had seen the number of its customers progress in France, after years of decline, against a backdrop of the crisis in the energy sector linked in particular to the war in Ukraine.

“Our ambition is to increase Ebitda (…) from just under a billion euros in 2021 to 1.3 billion-1.5 billion in 2030”, declared during a press conference Marc Benayoun, executive director of the group in charge of the division.

EDF’s customers, services and territories division covers the group’s electricity and gas supply activities, as well as a wide range of services including offers for controlling consumption, electric mobility, photovoltaic self-consumption and even energy renovation.

“Development (..) is mainly driven by services, more than by our historic business which is supply”, underlined Marc Benayoun.

Over the period 2022-2030, EDF’s customers, services and territories division aims to generate total Ebitda of 8 to 10 billion euros with capital expenditure (Capex) estimated at between 3 and 5 billion.

It is counting in particular on a doubling of the Ebitda of its energy services thanks to strong growth of its subsidiary Dalkia, which specializes in energy savings, heating and cooling networks and the development of alternative and renewable energies.

Marc Benayoun also announced that EDF had seen the number of individual customers in France fall from 25.7 million in August 2021 to 26.2 million last May, while the crisis in the energy sector has put some in difficulty. alternative providers.

“The number of contracts in this area is up sharply, the commercial rebound we hoped for in 2023 came in 2022; the crisis helped us a little bit (..) Five years ago, it was an erosion strong”, he underlined, adding that EDF was benefiting from the fact that its customers were now concluding several contracts with the group.

Marc Benayoun added, however, that EDF was continuing to lose customers at regulated electricity tariffs but that it was gaining customers in market offers – for a globally stable level of electricity supply contracts -, the total growth in the number customers from gas and service contracts.

He also considered that EDF’s customers, services and territories division was “well covered” in terms of gas supply, in particular because it does not buy Russian gas and seeks to diversify its sources of gas. supply, thanks in particular to new liquefied natural gas (LNG) contracts. (Reporting Benjamin Mallet; editing by Kate Entringer)

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