The group, nearly 84% owned by the state, saw its net profit multiplied by 8 last year to 5.1 billion euros, benefiting in particular from good nuclear production in France.
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EDF announced on Friday 18 February a “action plan” with a bailout from the state to strengthen its finances. The year 2022 promises to be difficult with problems in nuclear production and government measures to limit the rise in electricity bills.
The State will participate to the tune of 2.1 billion euros in the recapitalization of the company, announced on RTL the Minister of the Economy, Bruno Le Maire. This sum corresponds to the 83.9% share of the State in the electricity supplier, which will increase its capital by 2.5 billion, specified the minister.
The group saw its net profit multiplied by 8 last year to 5.1 billion euros, benefiting in particular from good nuclear production in France. Corn “we have been experiencing difficulties since the beginning of 2022”which will require “an action plan”CEO Jean-Bernard Lévy told reporters.
EDF will indeed suffer this year from nuclear production at half mast, with, among other things, corrosion problems on several reactors.
With a net debt of 43 billion euros at the end of last year, the group must face significant investments. Emmanuel Macron has just announced his intention to build six EPR reactors in France, with studies for eight more.