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EDF Energy chief calls new North Sea oil and gas projects a “no‑brainer”
Simone Rossi, chief executive of EDF Energy, urged ministers to approve the Rosebank and Jackdaw North Sea developments, arguing domestic production has lower emissions than imports and complements the net zero transition. He said the projects would create jobs and boost tax receipts to help households and that electrification remains the long‑term solution. The government is expected to decide on the fields within weeks amid pressure from environmental groups and legal scrutiny of climate impacts. » More on theguardian.com
Jellyfish disable EDF reactor units in Gravelines
EDF says more than 200 tonnes of jellyfish appeared at Gravelines; two of six reactor units were shut down as a precaution and two others operated at reduced power. The animals clogged filters of the seawater pump station; the two remaining units were already out of regular operation due to maintenance. EDF is using monitoring measures and boats to remove the jellyfish; the causes are unclear, and there is no risk to the power system. » More on finanzen.net
EDF warns UK electricity bills will stay high through 2030 and calls for greater transparency
EDF projects that UK household energy bills will remain stubbornly high into 2030 even if wholesale prices moderate, citing growing non-commodity costs such as grid upgrades, renewables contracts and carbon charges. The company urges Ofgem to publish a medium-term independent outlook and a strategic review of the £70bn transmission programme to improve transparency and assess value for money. EDF also highlights risks from rising supplier bad debts and says clearer price signals are needed so households and businesses can plan investments like heat pumps. » More on theguardian.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | 2022 | YoY |
|---|---|---|
| Revenue | 143.48B | 69.87% |
| Gross profit | 28.13B | 38.11% |
| Net profit | -18.99B | 471.41% |
| EBITDA | -5.49B | 132.07% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €50.02B |
Number of shares | 4.17B |
52-week high/low | €12.07 - €7.27 |
| Dividends | No |
Beta | 0.86 |
P/E ratio | -2.39 |
PEG ratio | -0.02 |
P/B ratio | 1.37 |
P/S ratio | 0.35 |
Company profile
Electricité de France S.A., an integrated energy company, engages in the power generation, transmission, distribution, supply, and trading activities in France, the United Kingdom, Italy, and internationally. The company generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, thermal, and cogeneration plants. It also manages low and medium-voltage public electricity distribution networks; operates, maintains, and develops high-voltage and very-high-voltage electricity transmission networks; and services and produces equipment and fuel for nuclear reactors. In addition, the company is involved in commodity trading activities; and the provision of energy services, including district heating services, thermal energy services, etc. It serves approximately 38.5 million customers, including small businesses, local authorities, and industrial and residential customers. The company was founded in 1946 and is headquartered in Paris, France. Electricité de France S.A. was formerly a subsidiary of The EDF Group.
| Name | EDF |
| CEO | Luc Rémont |
| Headquarters | Paris,
France |
| Website | |
| Sector | Utilities |
| Industry | Independent Power and Renewable Electricity Producers |
| IPO | 11/18/2005 |
| Employees | 165,028 |
Ticker symbols
| Exchange | Symbol |
|---|---|
Euronext | EDF.PA |
Wien | EDF.VI |