[Machine Translation] EDF will propose a restructuring of the group by the end of 2019. Jean-Bernard Lévy announced Friday that the public electrician will propose a restructuring of the group to the government by the end of the year. “The government asked me to submit a recommendation on how to change the organization of the group. This recommendation will be submitted by the end of 2019, but one thing is already certain: EDF will remain an integrated group, “said Lévy at the press conference announcing the annual results of EDF in Paris. Regarding a rise in state capital, “we have no opinion on this, it is up to the government and parliament to make a decision,” added the one who should be renewed at the head of the group in three months. EDF’s debt, described as “stable” by the group, amounts to 33.4 billion euros and the costs to modernize its aging nuclear fleet amount to more than 50 billion euros. Last year, the government injected 4 billion euros into the group to improve its finances. The President of the Republic Emmanuel Macron announced Thursday in a statement that the state would propose that Mr. Lévy, in office since 2014, be renewed at the head of EDF at the next ordinary general shareholders’ meeting of EDF in May .
Montel News 15th Feb 2019 read more »
A rebound in nuclear and hydroelectric production helped French power company EDF push operating profits higher last year, it said Friday while remaining cautious about the outlook for 2019. Operating profit climbed by 11 percent to 15.3 billion euros ($17.2 billion), slightly higher than the consensus of analyst forecasts compiled by data firm FactSet.
France24 15th Feb 2019 read more »
Euro News 15th Feb 2019 read more »