Half-year results 2015

Half-year 2015 results stable
Good operational performance in an unfavourable market context
New strategic partnership between EDF and Areva
2015 targets and 2018 ambition confirmed
 

• EBITDA: €9.1bn, 3.6% growth compared to the 1st half of 2014, stable at constant scope and exchange rates
• Net income excluding non-recurring items: €2.9bn, +14.6%
• Net income – Group share: €2.5bn, stable
• Continued good nuclear performance in France: 210.4TWh, +1.6TWh vs. 2014
• Net financial debt/EBITDA: 2.1x compared to 2.0x on 31 December 2014

Financial perspectives

• 2015 financial targets and 2018 positive cash flow¹ ambition confirmed

EDF’s Board of Directors meeting on 29 July 2015, under the chairmanship of Jean-Bernard Lévy, approved the condensed consolidated half-year financial statements at 30 June 2015.

Jean-Bernard Lévy, EDF Chairman and Chief Executive Officer, stated:
“This half-year has witnessed a good operational performance, as highlighted in particular by the highest level in nuclear power generation in France for a first half of the year since 2011. The Group’s development in renewables continues to progress. EDF Énergies Nouvelles has for instance commissioned close to 600MW of additional capacity and has set foot in new countries such as Brazil and South Africa. In an overall unfavourable context, and thanks to the commitment of its staff, the Group presents stable results and can reiterate its 2015 objectives as well as its ambition to generate a positive cash flow after dividends in 2018.
The next few months will be dedicated to deploying "CAP 2030", as it participates to the energy transition and to the expected commitments pertaining to COP 21. We are also devoting ourselves to finalising the non-binding memorandum that EDF and Areva signed on 30 July, and that the boards of directors of both companies have approved. In accordance with the guidelines set by the French government, this new collaboration between EDF and Areva will bring an improved efficiency of our cooperation and increases the chances of success of our major international nuclear projects.”

¹ _{Cash flow after dividends, excluding Linky}