DECRYPTION – The French group is forced by the Belgian government to close its very profitable power stations.
Rebirth for Engie. After a year 2020 in the red due to the pandemic, the French energy group took advantage of the energy crisis and the soaring prices in 2021, posting a net result of 3.7 billion euros on Tuesday, after a loss 1.5 billion in 2020. First good annual results for the group’s new CEO, Catherine MacGregor, who took up her post on 1er January 2021.
Read alsoEngie put to the test by the gas crisis
The group is still in full transformation. The strategy unveiled in the summer of 2020 by the Chairman of the Board of Directors, Jean-Pierre Clamadieu, has been implemented at accelerated speed. The disposal plan, of XXL size, is almost completed.
It exceeds the September 2020 targets by more than 3 billion euros, to more than 11 billion, according to the latest figures released on Tuesday. In the fall of 2020, Engie sold its stake in Suez to Veolia for 2.9 billion. A year later, he sold his service activities to Bouygues for 7.1 billion…
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