Annual results: Profits down 68%.
EDF 16th Feb 2016 read more »
The key points relating to EDF Energy business in the UK are: EDF Energy announces new and extended scheduled closing dates for four nuclear power stations; Government policies are providing important support for the life extension programme; Exceptional performance of UK nuclear stations drives 2015 financial performance; EDF Energy’s underlying operating profit (EBIT) in 2015 was £664m. This was 15% lower than in 2014 (£783m) as a result of the ongoing cost of our investment programme; EDF Energy reinvested all of its operational profit and more back into the business, with more than £1.3bn being spent on its existing nuclear and coal stations, renewables and on its new nuclear project, Hinkley Point C; Excluded from the underlying EBIT is a one off impairment charge of £796m relating to the reduction in value of gas and coal generation and storage assets which reflects the current challenging market conditions.
EDF Energy 16th Feb 2016 read more »