(CercleFinance.com) – On the occasion of its activity update, Engie indicates that it is revising its annual objectives upwards to now forecast that its net recurring income, group share for the year 2022 will be within a range of 3, 8 to 4.4 billion euros.
For the first quarter, the energy group published an EBIT up 74% to 3.5 billion euros and an EBITDA up 49% to 4.6 billion, for a turnover up 85% at 25.6 billion, ‘under exceptional market conditions’.
‘The European gas market is strongly impacted by the war in Ukraine, which is reflected in an exceptional level of volatility and very high prices’, underlines Engie, which also points to a permanent risk of disruption of supplies from Russia.