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PRESS RELEASE
19 July 2016 |
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2016 targets
update
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2016 nuclear output target
revised to 395 - 400 TWh
French nuclear output in June 2016
reached 28.6 TWh, down 2.1 TWh versus June 2015 on increased
volumes of outages. Over the first half of 2016, the cumulated
nuclear output is 205.2 TWh, down 5.2 TWh versus 2015.
EDF Group has to conduct
additional controls during the second half of the year in order to
demonstrate that some components, mainly steam generators such as
those referred to in the information notice published by the ASN on
23 June 2016(1), can
operate in a fully safe mode. Taking into account ASN's examination
schedule, extensions of part of the outages are expected over the
second half of 2016.
Based on the nuclear output at the
end of June and on the extended outages now expected in the second
half of the year, EDF Group revises its 2016 nuclear output target
from 408 - 412 TWh to
395 - 400 TWh.
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2016 EBITDA target confirmed
between 16.3 - 16.8 billion euros
EDF Group confirms its EBITDA
target between 16.3 and 16.8 billion euros in 2016. This objective
includes notably the updated nuclear output target, as well as the
retrospective tariffs order which should be published by the end of
Q3 2016 following the Conseil d'Etat decision of June 15, 2016.
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2016 debt and payout ratio
targets confirmed
Targets on the net financial debt
/EBITDA ratio - between 2x and 2.5x - and on the payout ratio of
net income excluding non-recurring items(2) - between
55% and 65% - remain unchanged as well.
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Available in French here:
http://www.asn.fr/Informer/Actualites/Anomalies-potentielles-sur-les-generateurs-de-vapeur
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Net income excluding non-recurring items,
adjusted for the remuneration of hybrid issues accounted for in
shareholders' equity.
A key player in energy transition,
the EDF Group is an integrated electricity company, active in all
areas of the business: generation, transmission, distribution,
energy supply and trading, energy services. A global leader in
low-carbon energies, the Group has developed a diversified
generation mix based on nuclear power, hydropower, new renewable
energies and thermal energy. The Group is involved in supplying
energy and services to approximately 37.6 million customers, of
which 27.8 million in France. The Group generated consolidated
sales of €75 billion in 2015, of which 47.2% outside of France. EDF
is listed on the Paris Stock Exchange.
Please, only print this document if absolutely
necessary.
EDF SA
22-30, avenue de Wagram
75382 Paris cedex 08
EDF SA share capital €960,069,513.50
552 081 317 R.C.S. Paris
www.edf.com |
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CONTACTS
Press office: +33 1 40 42 46 37
Analysts and investors: +33 1 40 42 40 38
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PR Adhoc
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EDF via Globenewswire
HUG#2029486