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    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
  Report
Real-time Euronext Paris  -  12:35:09 2023-03-21 pm EDT
11.84 EUR   +0.08%
04:00pFrench parliament votes nuclear plan with large majority
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01:28pFrance requisitions refinery workers as energy strikes continue
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01:13pEdf : Press release on the filing of the Universal Registration Document 2022 and Annual Financial Report
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French unions call for more refinery strikes in pension dispute

03/17/2023 | 03:04pm EDT
Workers on strike gather in front of the oil depot of the SFDM company in Donges

PARIS (Reuters) - French fuel supplies could be put at risk again next week following union calls to extend 10 days of strike action at refineries in protest against the government's move to hike the state pension age by two years to 64.

A spokesperson for operator TotalEnergies said that, with shipments from depots and refineries blocked, production would need to be stopped once maximum stock levels had been reached.

"This will be done on a unit-by-unit basis," the spokesperson said.

Fuel deliveries are currently being prevented from leaving the company's La Mede biorefinery in southern France, while its Donges refinery in the west has been offline due to a technical problem with an electricity transformer, the spokesperson said.

Operations were normal at the company's Normandy site in the north, while the Feyzin refinery in the southeast was operating almost normally, the person added.

A union official said earlier that the Normandy refinery would be stopped this weekend.

At oil major ExxonMobil's Esso-branded Port Jerome refinery in Normandy, workers have been called to strike from Saturday at 2 p.m. (1300 GMT), a CGT union official said.

It was unclear whether Esso's Fos-sur-Mer refinery in the south would be similarly affected. An ExxonMobil spokesperson did not immediately respond to a request for comment.

A spokesperson for the Lavera refinery in southern France operated by PetroIneos said on Friday it had had no notification from unions about planned stoppages on Monday, and was unable to give details on crude stock levels.

(Reporting by Benjamin Mallet, Forrest Crellin and America Hernandez; Editing by Jan Harvey and Mark Potter)

By America Hernandez and Forrest Crellin


© Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -0.48% 74.76 Delayed Quote.-14.83%
ELECTRICITÉ DE FRANCE 0.08% 11.835 Real-time Quote.-1.38%
ENGIE 2.12% 13.854 Real-time Quote.3.48%
TOTALENERGIES SE 2.51% 55.21 Real-time Quote.-5.87%
WTI -0.43% 69.18 Delayed Quote.-16.45%
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Analyst Recommendations on ELECTRICITÉ DE FRANCE
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Financials
Sales 2023 90 373 M 97 279 M 97 279 M
Net income 2023 1 353 M 1 456 M 1 456 M
Net Debt 2023 65 683 M 70 703 M 70 703 M
P/E ratio 2023 19,6x
Yield 2023 2,07%
Capitalization 46 001 M 49 516 M 49 516 M
EV / Sales 2023 1,24x
EV / Sales 2024 1,15x
Nbr of Employees 165 028
Free-Float 12,7%
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Technical analysis trends ELECTRICITÉ DE FRANCE
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 11,84 €
Average target price 12,00 €
Spread / Average Target 1,39%
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Managers and Directors
Luc Remont Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Claire Pédini Independent Director
Bruno Crémel Independent Director
Philippe Petitcolin Independent Director
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