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EDF: underlying net income down almost 10%

(CercleFinance.com) - Announced on Thursday morning, EDF's interim results are marked by a 4,9% organic drop in sales to 34.
7 billion euros.

Meanwhile, H1 EBITDA fell by 1.6% organically, reaching 8.2 billion euros. At 1.3 billion euros, its underlying net income fell by 9.6% year-on-year.

Regarding its targets, EDF is looking for 2020 EBITDA of between 15.2 billion and 15.7 billion euros.

"Despite the economic downturn, the impact of the crisis on our main financial indicators remains contained, attesting to the resilience of our Group. These conditions require us to adopt a cost savings and disposal plan enabling us to pursue the deployment of our CAP 2030 strategy and keep our debt under control. The decarbonisation of the economy, which combines the fight against global warming and sustainable growth, is a real development opportunity for EDF," said EDF's Chairman and CEO Jean-Bernard Lévy.


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