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EDF: 11% increase in FY earnings

(CercleFinance.com) - EDF has unveiled 2017 net income, group share, of 3,173 million euros, up 11.
3%. Actions taken to optimise operations and the acceleration of cost reductions enabled the group to report EBITDA of 13.7 billion euros (-16.3%), in line with the group's initial targets.

"We are beginning an unprecedented acceleration in renewable energies with the launch of EDF's Solar Plan, at the same time that we are strengthening our commercial initiatives," said EDF chairman and CEO, Jean-Bernard Lévy.

The board of directors has decided to propose a dividend of 0.46 euro per share, or 60% of net underlying earnings. EDF continues to roll out its strategic plan and has confirmed its targets for 2018, including EBITDA of between 14.6 billion and 15.3 billion euros.

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