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    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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EDF withdraws 2022 earnings guidance after price cap announcement

01/13/2022 | 04:50pm EST
FILE PHOTO: A flag with the EDF logo flies next to the EDF power plant in Bouchain

PARIS (Reuters) - French utility EDF on Thursday said it was withdrawing its 2022 earnings guidance after the government announced the increase in power prices this year would remain capped at 4% and that the group would have to sell more nuclear power to rivals.

EDF said the final impact of the price cap would be an estimated 7.7 billion euros based on January market prices.

EDF said it would consider measures to strengthen its balance sheet and would communicate again on its annual results by Feb. 18 at the latest.

(Reporting by Richard Lough; editing by Geert de Clercq and Leslie Adler)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -1.78% 8.29 Real-time Quote.-19.75%
ON SEMICONDUCTOR CORPORATION -6.38% 59.01 Delayed Quote.-13.12%
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Analyst Recommendations on ELECTRICITÉ DE FRANCE
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Financials
Sales 2021 75 226 M 85 385 M 85 385 M
Net income 2021 4 364 M 4 953 M 4 953 M
Net Debt 2021 49 769 M 56 491 M 56 491 M
P/E ratio 2021 6,20x
Yield 2021 6,34%
Capitalization 26 842 M 30 464 M 30 467 M
EV / Sales 2021 1,02x
EV / Sales 2022 1,00x
Nbr of Employees 161 203
Free-Float 17,4%
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Technical analysis trends ELECTRICITÉ DE FRANCE
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 8,29 €
Average target price 12,70 €
Spread / Average Target 53,2%
EPS Revisions
Managers and Directors
Jean-Bernard Levy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Christophe Salomon Group Chief Information Officer
Laurence Parisot Independent Director
Claire Pédini Independent Director
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