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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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Electricite de France : EDF Adjusts Cost Estimate for Grand Carenage Program

10/29/2020 | 03:31am EST

By Giulia Petroni

Electricite de France SA said Thursday that it has adjusted the estimated cost of its Grand Carenage program to extend nuclear reactors' life.

The French energy company said the program's cost now amounts to 49.4 billion euros ($58.03 billion) from a previously estimated investment of EUR45 billion in 2015, which today corresponds to EUR48.2 billion.

The new cost estimate takes into account the first findings on the work that has to be conducted and the expected increase in the duration of planned maintenance outages, EDF said. It also factors in the impact of the health crisis between 2020 and 2022.

The Grand Carenage program is designed to extend the service life of the company's nuclear fleet while enhancing reactor safety. The program runs from 2014 to 2025.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-29-20 0430ET

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -2.08% 12.72 Real-time Quote.30.84%
ENGIE 0.12% 12.535 Real-time Quote.-13.06%
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Financials
Sales 2020 70 354 M 84 215 M 84 215 M
Net income 2020 1 388 M 1 661 M 1 661 M
Net Debt 2020 45 583 M 54 563 M 54 563 M
P/E ratio 2020 33,7x
Yield 2020 1,40%
Capitalization 40 204 M 48 068 M 48 125 M
EV / Sales 2020 1,22x
EV / Sales 2021 1,25x
Nbr of Employees 161 522
Free-Float 14,8%
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Technical analysis trends ELECTRICITÉ DE FRANCE
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 12,56 €
Last Close Price 12,99 €
Spread / Highest target 23,2%
Spread / Average Target -3,32%
Spread / Lowest Target -37,6%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Christophe Salomon Group Chief Information Officer
Jacky Chorin Director
Jean-Paul Rignac Director
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1st jan.Capitalization (M$)
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