According to the company’s website press release on November 10, 2022,
Business highlights
- ENGIE playing a leading role to support security of supply in Europe
- Contributing to public policy measures through Working Capital support and dedicated customer actions
- Continued progress on execution of strategic plan with the completion of the sale of EQUANS
- Disposal plan target of at least €11bn by end 2023 nearly achieved
- Performance plan on track with 3-year target
- 2.5 GW Renewables capacity added in nine months and on track to add c. 4 GW in 2022
- Further progress on coal exit, coal represents 2.6% of centralised generation capacity
Financial performance
- EBIT of €7.3bn, with growth across most activities
- Key contribution from GEMS in unprecedented market conditions
- Favourable timing effects in Supply and Networks
- Investment of €3.7bn growth capex, primarily in Renewables
- Contribution to existing Government profit sharing mechanisms in Belgium and France (nuclear and hydro) of €0.9bn
- Strong balance sheet and liquidity maintained with improvement in credit ratios
- Net financial debt at €27.6bn, up €2.2bn. Improved Cash Flow From Operations1, supported by increasing operating cash flow
FY 2022 NRIgs2 guidance3 upgraded to the range of €4.9-5.5bn. Dividend policy reaffirmed
- Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses
- Net recurring income Group share
- Key assumptions and indications for the FY 2022 guidance are provided in appendix 3
ENGIE HQ Press contact:
Phone. France : +33 (0)1 44 22 24 35
Email: engiepress@engie.com
Investors relations contact:
Phone. : +33 (0)1 44 22 66 29
Email: ir@engie.com
