Engie Nine-Month Operating Income, Revenue Fell Amid Pandemic
By Cecilia Butini and Mauro Orru
Engie SA said Friday that operating income fell for the first
nine months of the year fell as it took a one-billion euro ($1.18
billion) hit from the coronavirus pandemic.
The French utility company said nine-month current operating
income decreased to 2.75 billion euros ($3.25 billion) from EUR3.82
billion in the first nine months of 2019.
Earnings before interest, taxes, depreciation, and amortization
for the period slipped to EUR6.22 billion from EUR7.15 billion.
Revenue fell to EUR39.62 billion from EUR43.30 billion.
Engie said it continues to expect 2020 net recurring income
between EUR1.7 billion and EUR1.9 billion and capital expenditure
between EUR7.5 billion and EUR8 billion.
Write to Cecilia Butini at firstname.lastname@example.org and Mauro Orru
at email@example.com; @MauroOrru94
(END) Dow Jones Newswires
November 13, 2020 02:21 ET (07:21 GMT)
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