Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
EDF Energy’s UK Ebitda fell by 8.5 per cent year on year in 2014 to euro 1,941 million, due mainly to unplanned outages at its nuclear stations in Heysham and Hartlepool last summer, the company said today. UK sales were down 1.9 per cent on 2013, to euro 10,160 million.
The French group’s global performance was up year on year, with a 6.5 per cent rise in group Ebitda to euro 17.3 billion, with further modest growth of between 0 and 3 per cent predicted this year.
EDF chairman and chief executive Jean-Bernard Levy said: “2014 was a good year for EDF, which achieved solid operating and financial results, with, in particular, an excellent showing by low-carbon energies.”
EDF cited as highlights 415.9TWh nuclear output in France; an all-time low on French carbon emissions, at 17 g/kWh; and 2.2GW of renewable energy capacity under construction.
It has proposed a 2014 dividend of euro 1.25 per share in cash, equivalent to a 52 per cent payout ratio.
Identifying challenges for the year ahead, EDF highlighted the finalisation of negotiations over Hinkley Point C, with a final investment decision due in 2015.
Please login or Register to leave a comment.