EDF Energy

2007 results: another year of progress in EDF’s performance and development

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Source: EDF Energy

Financial performance in line with targets, and commitments delivered:
  • Another increase in results

In 2007, sales amounted to € 59.6 billion, representing organic growth* of 2.5%. EBITDA was up 6.1% (organic) to € 15.2 billion:
- Net income (group share) remained stable at € 5.6 billion;
- Net income from ordinary operations** came out at € 4.7 billion, up 10.6%.
* Excluding scope and exchange rate effects
** Excluding non-recurring items

  • 2005-2007 commitments delivered and targets exceeded:

- Performance programme: € 1.2 billion in EBITDA gains and € 1.9 billion in Working Capital Requirement gains.
- Disposal programme : € 5.7 billion on net financial debt.

  • A unique expertise in nuclear leveraged worldwide

First major steps completed in 2007 via partnerships signed with Constellation Energy in the United States and CGNPC in China.

  • Continued dynamic investment programme and launch of a new performance programme over 2008-2010

- Increased investment target to € 35 billion;
- New “Operational Excellence” programme: gain objective of € 1 billion again by 2010*.
* Compared to 2007 EBITDA

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