EDF: the fall in nuclear production will weigh more than expected on 2022 EBITDA

PARIS (Agefi-Dow Jones)–The energy group EDF again revised upwards on Thursday the expected impact of the drop in nuclear production in France on its gross operating surplus (Ebitda) in 2022.

EDF now estimates the impact of the drop in production on its annual Ebitda at 29 billion euros, against a previous estimate of 24 billion euros. EDF has already raised this estimate on several occasions since the end of 2021.

The nuclear generation forecast for 2022 is now expected at the lower end of the 280 to 300 terawatt-hour (TWh) range, compared to 360.7 TWh in 2021. The nuclear generation estimate in France is still expected between 300 and 330 TWh for 2023 and between 315 and 345 TWh for the following year.

Following the announcement by the French government of a cap on the increase in regulated electricity prices for next year, EDF also indicated on Thursday that its objectives for 2023 would be subject to a review “once the terms of the regulation have been specified”.

On the Paris Stock Exchange, EDF shares fell 0.2% to 11.97 euros.

-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: ECH

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

September 15, 2022 03:20 ET (07:20 GMT)

Source link -91