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EDF’s UK revenues grew 11 per cent in Q1

EDF’s UK business saw sales revenue increase by almost 11 per cent in Q1, supporting total revenues of £22.9 billion across the group as a whole.

Colder weather in the UK compared to early 2014 prompted an increase in nuclear volumes of 5.3 per cent which EDF said offset the reduction in business customer numbers to leave revenues 10.9 per cent higher on the year at €3.24 billion.

The number of EDF’s UK business customers fell 3.8 per cent to 5.5 million, the company said.

The French state-owned energy company reported a total revenue increase of 7.8 per cent compared to the same quarter last year. In its Q1 sales report published on Tuesday the group said the gains were supported by good operational performance and a return to temperatures more in line with seasonal norms.

In France, EDF’s revenues rose by 4.4 per cent as nuclear volumes rose 2.9 per cent.