Quarterly financial information - 3rd quarter 2013
9M 2013 sales up 6.9%, +2.9% in organic growth1
- contribution by all Group businesses to organic growth
French nuclear output
- 297.6 TWh, +0.9% vs. 9M 2012
- 2013 nuclear output revised to 405-410 TWh
- around €800m achieved at end-September, ahead of the
- 2013 initial target of €1bn 2013 target revised upwards by 20% to €1.2bn
2013 financial targets reiterated
1 Growth at constant scope and exchange rates
EDF Group sales over the first nine months of 2013 amounted to €55.2 billon up 6.9% compared with the same period in 2012. This is mainly due to a scope effect from the takeover of Edison in May 2012. Organic growth stood at 2.9% on the back of good performance in France, which benefited from both a positive volume effect due to colder weather compared with the same period in 2012 and the increase in regulated tariffs. Growth was also driven by the United Kingdom where sales were lifted by higher achieved prices in the wholesale market and by the Other Activities segment where record commissioning from EDF Énergies Nouvelles in 2012 has resulted in a sharp increase in output this year.
Henri Proglio, Chairman and Chief Executive Officer said: "The quarter was marked by sales growth of near 7%, and EDF is reiterating its financial objectives for 2013. The Group has also reached new milestones with regard to its development strategy in the past several weeks. In the United Kingdom, the agreement reached with the British government offers bright perspectives for the French nuclear industry. In addition, the agreement in sight with Dalkia will enable the Group to become a European leader in energy services and strengthen its offer to industrial clients and local authorities. Consequently, EDF, backed by its integrated business model, is consolidating its position as the world's leading energy group and as a player on international energy issues."
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