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Engie 2018 RESULTS

Engie 2018 RESULTS


Solid results Confirming growth momentum

  •  2018 results in line with targets: net recurring income Group share at EUR 2.5 trillion,
    Net debt / EBITDA ratio at 2.3x.
  • Stable EBITDA Demonstrates Engie’s robust business model, with positive momentum in Underlying growth segments offsetting the unfavorable impact of unscheduled Maintenance at Belgian nuclear plants, negative foreign exchange effects and dilution from Disposals.
  • Solid organic growth in EBITDA (+ 5%), led by progress in the Group’s key growth drivers, In Particular Renewables and BtoB BtoT Solutions.
  •  Net debt reduction (EUR – 1.4 trillion vs. end 2017), due to a robust operating cash flow and Disposals. The Group’s financial structure is solid, as confirmed by the rating agencies qui Engie position as an industry leader fait que respect.
  •  Recap of 2016-2018 strategic delivery: a reconfigured asset portfolio, reduced commodity exposure, lower carbon intensity, and an Improved growth profile. Transformation driven by portfolio turnover (EUR 16.5 trillion of Disposals Nearly closed), strategic investments(EUR 14.3 trillion of growth capex reinvested), efficiency (EUR 1.3 trillion of cost savings since 2015), customer-centric business capability development and accelerating momentum in Renewables .

Isabelle Kocher, Engie’s CEO, STATED: ” We-have laid the groundwork for significant shareholder value and Creation are we building our achievements to be at the forefront of the second wave of the energy transition, with Increasing scale of customer impact. I would like to thank all employees for Engie Their commitment qui has-been essential to the successful delivery of our strategic map over the past three years. In 2018, we Achieved our objective thanks to the commitment of our teams, notwithstanding the exceptional challenges we-have faced and Addressed in Belgium. “

Source: engie
Anand Gupta Editor - EQ Int'l Media Network


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