French gas and power group Engie’s (ENGIE.PA) second-quarter earnings rebounded after a weak first quarter, driven by strong management of its energy, an improvement in client solutions and the restart of all its Belgian nuclear reactors. First-half core earnings before interest, tax, depreciation and amortisation (EBITDA), which had fallen 4.8% in the first quarter, were up 0.6% to 5.3 billion euros (£4.85 billion). First-half revenue rose 9.3% to 33 billion and current operating income was up 3.1% to 3.2 billion euros. Net recurring income was flat at 1.5 billion euros.
Reuters 30th July 2019 read more »