Increased market price volatility exacerbated by the war in Ukraine
Strong decline in EBITDA due to lower output in France
and exceptional regulatory measures
Significant level of investment towards the energy transition
Inclusion of nuclear power in the European Taxonomy
|2022 half-year financial results|
|Sales €66.3bn +66.4% org.()
EBITDA €2.7bn -75.0% org.(1)
Net income excluding non-recurring items() -€1.3bn n.a
Net income – Group share - €5.3bn n.a.
Net financial debt €42.8bn vs. €43.0bn at end-2021
NB: see the whole press release in the PDF file opposite
Jean-Bernard Lévy, Chairman and Chief Executive Officer of EDF stated:
“The results for the first half of the year reflect the difficulties encountered in nuclear generation in France and, to a lesser extent, in hydropower generation, as well as the effect of the tariff shield introduced in France in 2022.
The operating results of the Group’s other businesses, however, are growing strongly for the most part, particularly as a result of higher and more volatile wholesale prices in Europe. Investments are continuing at a steady pace in order to further strengthen the group’s position as a champion of decarbonisation, on the basis of energy efficiency, nuclear generation and renewable generation. Commercial performance was very good, reflecting the relevance of the offers and the quality of EDF’s relationship with all categories of customers. Despite the strong pressure, all EDF group’s teams are demonstrating a remarkable resilience and a constant commitment to the energy transition.”