Engie: confident about its annual targets

(CercleFinance.com) - Engie confirms its 2024 guidance, with recurring net income attributable to equity holders of the parent now expected to be at the upper end of its range of five to 5.
6 billion euros, while EBIT excluding nuclear power is also expected to be at the upper end of its range of 8.2 to 9.2 billion.

For the first nine months of the year, the energy group posted EBIT excluding nuclear power of 7.1 billion euros, down 11.2% (-11% organic), and EBITDA excluding nuclear power of 10.4 billion, down 6% (-6.1% organic).

Sales amounted to 52.6 billion euros, down 14.8% gross and 14.9% organic, though Engie claims 'excellent execution in renewable activities with 2.3 GW of new capacity and 7.2 GW under construction'.

'Engie maintains its leading position in the PPAs market, with 2.6 GW of contracts signed in the first nine months of 2024. Finally, we have continued our growth in the strategic field of electrical infrastructure", adds CEO Catherine MacGregor.

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