By Inti Landauro

 

PARIS--French state-controlled power utility Electricite de France SA (EDF.FR) said Thursday that its overall revenue in the third quarter was lifted mainly by its gas trading operations.

The company's overall revenue rose 2.8% to 53.8 billion euros ($58.4 billion) from EUR52.3 billion in the same period last year. Seven analysts polled by the company expected a median revenue of EUR53.6 billion.

The company said its revenue from other activities, which include its gas trading operations, jumped 70% to EUR4.65 billion during the period. EDF didn't provide detailed data about gas trading profitability, but said the business benefited from a positive weather impact and the optimization of storage facilities.

The company said its revenue in France, its largest market, fell to EUR28.7 billion from EUR29.12 billion, though it attributed the decline to a EUR921 million price adjustment booked in 2014 on 2012 sales.

The company reiterated it expects its earnings before interest, taxes, depreciation and amortization to rise between 0% and 3% and for the ratio of financial to Ebitda to be between 2 and 2.5.

 

-Write to Inti Landauro at inti.landauro@wsj.com

 

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(END) Dow Jones Newswires

November 05, 2015 02:19 ET (07:19 GMT)

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