Energy Economy

27 Oct 2022

French Power Group EDF Issues New Profit Warning

27 Oct 2022  by   

The logo of Electricite de France (EDF) is seen during a news conference to present the 2021 annual results of State-controlled French power company EDF in Paris, France, February 18, 2022. REUTERS/Gonzalo Fuentes

EDF, the power company in the process of being fully nationalised by France, said on Thursday it now expected a hit to its core earnings of around 32 billion euros ($32.18 billion)because of lower nuclear production, a bigger loss than the 29 billion euros reported in September.

The company said it was also assessing the impact of weeks of strikes at its reactors.

($1 = 0.9945 euros)


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