Résultats

I will, for that purpose, use the slide pack that you might have downloaded from our website... Turning to the left-hand side of the chart, you can see that in the context of low power prices, EDF has favoured purchases on the wholesale markets to meet the conjunction of rising power demand and lower nuclear output.

after having walked you through this short slide pack that you' ve just received... You see on that page number 4, the effect of the restatements of the accounting changes... Group sales fell to 21 2 billion on an organic basis, which is a reduction of 4 2 %, driven mainly, as you can see on that chart, by France as well as Belgium and Central Europe, mostly due to unfavorable weather conditions.

You may remember that 2016 sales recorded a 1 billion positive impact linked to the 2014 tariff catch-up... You can see on this slide that Italy registered the most significant drop in sales, a drop that has actually no impact on margins. Institutional Environment... Downstream sales experienced a 560 million drop, mainly due to a reduction in sales volumes to end customers that you will see on the next slide.

EDF group QUESTIONS & ANSWERS 7 9 5 2 EDF 2 Henri PROGLIO Chairman and Chief Executive Officer EDF group Bonjour and thank you for being here today in spite of the very short notice that we gave you... -I remind you that we operate at Hinkley Point B two reactors of 880 megawatts each... May I remind you that EDF Energy is the first electricity producer with the lowest CO2 emissions.

We believe that we still have room for improvement on this front even if, as you can tell from the dark blue box, there is improvement on a quarterly basis compared to last year... You know that mid-term our availability factor target is 85 %; that' s where we will find the additional availability factor points.

You can see that low market prices triggered the transfer to the wholesale market of more than 39TWh, previously sold under the ARENH mechanism... But you may have noticed from Edison' s nine month results that this had no significant impact on it' s EBITDA... First question, on RTE: I see on your press release that you say, if I quote, that the analysis of long term strategic perspective includes its involvement in RTE.

You can see that low market prices triggered the transfer to the wholesale market of more than 39TWh, previously sold under the ARENH mechanism... But you may have noticed from Edison' s nine month results that this had no significant impact on it' s EBITDA... First question, on RTE: I see on your press release that you say, if I quote, that the analysis of long term strategic perspective includes its involvement in RTE.

Let me remind you that we recently completed the disposals of CENG in the US and of West Burton B in the UK... So, what is the official timeline if you have seen anything like that on taxonomy, what are your expectations? Finally, on nuclear new build, new regulation, we see a lot of supports... What do you know about that.

On the lefthand side of the chart, you can see that these additional wholesale market sales were mostly sourced from higher nuclear and hydro output... You may remember that Q1 2017 had been negatively impacted by outages linked to the last additional controls on steam generators to address the carbon segregation issue.

You may have seen that the French state announced its intention to opt for a scrip dividend for fiscal years 2016 and 2017 and to subscribe 3 billion into this capital increase... Could you please update us on whether the timeline is still realistic given the fact that Areva is still entangled in its TVO litigation.