EDF: 2017 targets cut.
(CercleFinance.com) - EDF has announced a cut in its EBITDA target (at 2016 exchange rates) to 13.
4-14 billion euros, against 13.7-14.3 billion previously, has provided an EFN/EBITDA multiple of about 2.5x.
However, the French energy group said that it remains mobilised to meet a 2017 EBITDA, at 2016 exchange rates of over 13.7 billion euros and a ratio EFN/EBITDA of less than or equal to 2.5 times.
EDF explains this reduction by a low runoff, the current price environment and a restart date of reactors that are concerned by the work to strengthen the dam located north of the Tricastin plant, which is expected on 27 November.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
4-14 billion euros, against 13.7-14.3 billion previously, has provided an EFN/EBITDA multiple of about 2.5x.
However, the French energy group said that it remains mobilised to meet a 2017 EBITDA, at 2016 exchange rates of over 13.7 billion euros and a ratio EFN/EBITDA of less than or equal to 2.5 times.
EDF explains this reduction by a low runoff, the current price environment and a restart date of reactors that are concerned by the work to strengthen the dam located north of the Tricastin plant, which is expected on 27 November.
Copyright (c) 2017 CercleFinance.com. All rights reserved.