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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.

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