Résultats

We have maybe a last question on the phone from Vincent Ayral ;a follow up question. Vincent Ayral -Société Générale London- Equity Analyst Hi again. I would have a question related to this arbitrage of Sonatrach.

To start by your last question, modulation was very high last year, due to the demand which was low... And my last question is on the transaction you' re working on, on the minority stake in renewable at Edison level.

I will stick to three questions, the first one coming back to the question I asked last year on the unsustainability of the regulation in France... Jean Bernard Lévy :Okay, I will take the last two questions and maybe turn to Thomas for the first questions... Jean Bernard Lévy :Sorry, can you repeat the very last question you raised? Emmanuel Turpin :Sure.

Assuming a positive tariff evolution is included in our full year guidance, yes, of EBITDA growth for the year that I just confirmed today. 9 EDF Sales & Highlights 2015 First Quarter Tuesday, 12th May 2015 Moderator: Last question. Given the recent rating actions on EDF: can you comment on these rating actions, and could you comment on your rating going forward? Thomas Piquemal :The rating is of course very important to us.

Coming back to your last question on the UK... Last internet question from Andrew Moulder (Credit Sights:) If you launch the mandatory offer at the 12- month average Edison share price, would you have to take a write down on your existing stake.

Coming back to your last question on the UK... Last internet question from Andrew Moulder (Credit Sights:) If you launch the mandatory offer at the 12- month average Edison share price, would you have to take a write down on your existing stake.

My last question is coming back to the balance sheet... Last question: for your 500 million cost cutting over three years, would you mind sharing with us the timing of implementation... Maybe one last question? Louis Boujard, ODDO BHF :Yes, hi, good morning everyone and thank you for taking my question.

Thomas PIQUEMAL The last question about net income; the answer is yes... EN 29 juillet 2011 One last written question from Peter WIRTZ relates to the cost of 6 billion for Flamanville 3... Finaly last question. "What potential impact in the medium term forecast related to the loss of our hydro power concessions? "We have no plans to lose any hydropower concessions and this is why I can' t give you any estimate of the impact.

As regards your second question, indeed, the year for Enedis is better than we expected last year and I do not see reasons for having a specifically poor second half of the year for Enedis... Xavier Girre :To begin with your last question, as you understand, we are very positive as regards our EBITDA guidance for this year.

Jean Bernard Lévy :Let me first turn to the last part of the question... Last year, 2016, H2 was very good, we had very good numbers, and we expect similar numbers for 2017 H2. Kader Hidra :I am taking the last question from the webcast.