Engie: current operating income down 5.7% in Q1
(CercleFinance.com) - Engie has published current operating income including share of net income of entities accounted for using the equity method billion euros for the first three months of 2019, down 5.
7% on a reported basis and down 4.3% on an organic basis.
The energy group's Ebitda reached 3.1 billion euros, down -4.8% on a reported basis and down 3.9% in organic terms, for sales of 18.8 billion euros at end-March, up 7.2% as reported and up 4.4% in organic terms.
For 2019, Engie confirms it is aiming for net recurring income, group share of 2.5 billion to 2.7 billion euros, a net financial debt/EBITDA ratio (equal or below 2.5x) and apay-out ratio on net recurring income Group share of 65% to 75%, with the group targeting the upper end of this range.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7% on a reported basis and down 4.3% on an organic basis.
The energy group's Ebitda reached 3.1 billion euros, down -4.8% on a reported basis and down 3.9% in organic terms, for sales of 18.8 billion euros at end-March, up 7.2% as reported and up 4.4% in organic terms.
For 2019, Engie confirms it is aiming for net recurring income, group share of 2.5 billion to 2.7 billion euros, a net financial debt/EBITDA ratio (equal or below 2.5x) and apay-out ratio on net recurring income Group share of 65% to 75%, with the group targeting the upper end of this range.
Copyright (c) 2019 CercleFinance.com. All rights reserved.