Engie 1Q Revenue Rose; Backs 2019 View
May 14 2019 - 3:25AM
Dow Jones News
By Olivia Bugault
Engie SA (ENGI.FR) said Tuesday that its first-quarter revenue
rose but other metrics fell as a result of challenging conditions,
and backed its 2019 guidance.
The French electric-utility company said revenue for the period
came in at 18.8 billion euros ($21.12 billion), compared with
EUR17.5 billion a year earlier. The rise was partly due to positive
currency effects and favorable market conditions for its global
energy-management activities, it said.
Earnings before interest, tax, depreciation and amortization
fell to EUR3.1 billion from EUR3.3 billion, dragged down by
temperatures in France, while current operating income was down to
EUR2 billion, it said.
Engie backed its 2019 targets, which include a net recurring
income of between EUR2.5 billion and EUR2.7 billion.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
May 14, 2019 03:10 ET (07:10 GMT)
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