French power group EDF sees 2020 earnings at lower end of forecasts

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG2M0K0_L.jpg
© Reuters. A logo of French electric company EDF is seen at an office building in La Defense business district in Courbevoie near Paris© Reuters. A logo of French electric company EDF is seen at an office building in La Defense business district in Courbevoie near Paris

PARIS (Reuters) – French state-controlled power group EDF (PA:) said on Monday that it was currently forecasting 2020 core earnings at the lower end of forecasts, as the company deals with the impact of the coronavirus outbreak.

EDF said disruption to production caused by employees having to stay away from worksites meant EDF would be lowering its previous 2020 target of 375-390 terawatt hours (TWh) of nuclear production in France. It added that it was keeping its 2020 target for core earnings of 17.5-18 billion euros ($18.7-$19.3 billion), although this was expected to come in at the lower end of that range.

EDF added it had the financial and operationalcapacity to deliver the necessary power in all scenarios currently contemplated in France.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment