Engie 9-Month Ebitda, Revenue Rose
November 07 2019 - 2:53AM
Dow Jones News
By Cristina Roca
Engie SA (ENGI.FR) on Wednesday reported a rise in nine-month
earnings and revenue, and confirmed its full-year targets.
The French electric utility company reported earnings before
interest, tax, depreciation and amortization of 7.1 billion euros
($7.93 billion), up from EUR6.8 billion the year previous.
Engie said its third-quarter performance benefited from higher
availability and prices in nuclear, as well as a steep acceleration
in asset commissioning and development of wind and solar capacities
in the renewables division.
Revenue rose to EUR46.8 billion from EUR43 billion during the
same period the year previous.
Engie backed its 2019 targets, including net recurring income of
between EUR2.5 billion and EUR2.7 billion.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
November 07, 2019 02:38 ET (07:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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