EDF’s drop in nuclear production results in losses in H1 2017

French public utility EDF registered net income of €2 billion in the first half of 2017, down by 3.7% from H1 2016.
By Staff reporter 28 July 2017 0 26963

French public utility EDF registered net income of €2 billion ($2.3 billion) in the first half of 2017, down by 3.7% from H1 2016.

The company’s EBITDA fell by 21.8%, to €7 billion.

The negative performance was mainly the result of a decline in demand for nuclear power in France, the company said in a statement on Friday.

"In an unfavourable market context and in line with its forecasts, the group is continuing to implement its performance plan and maintains its annual objectives," said Jean-Bernard Lévy, the company’s...

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