These seven wounds that weaken EDF at the worst time


INVESTIGATION – As France prepares to launch a new nuclear program, the electrician could be in losses in 2022.

“This year, EDF should have made profits worthy of an oil group in the midst of soaring oil prices.” As this informed observer of the energy sector illustrates, the surge in electricity prices to levels never seen in France and Europe, against a backdrop of the gas crisis and the war in Ukraine, should have been the heyday of EDF in 2022.

Alas, the electrician quickly became disillusioned. From the first weeks of January, he knew that it would not happen and that 2022 was shaping up to be one of the worst years in its history. Some analysts expect the group to finish this vintage in the red. In mid-February, its CEO, Jean-Bernard Lévy, announced a disposal plan of 3 billion euros and a recapitalization of 2.5 billion.

Finalized in mid-March, this last operation has, in fact, made it possible to raise 3.1 billion. But this remains insufficient, given the bad news that keeps raining and the debt of the group, 84% owned by the State, which exceeds 40 billion euros…

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