Monday, June 27 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Engie's revenues up 85 percent to 25.6 billion euros in the first quarter of 2009


    May 17, 2022 - CE Noticias Financieras

     

      MADRID, 17 (EUROPA PRESS)

      French energy company Engie recorded a turnover of 25.596 billion euros in the first three months of 2022, which is equivalent to an 85 percent increase compared to the same period last year, it said Tuesday in a statement.

      By business segment, the power supply division grew by 72.3 percent to 5.206 billion euros, while the energy solutions business rose by 27.6 percent to 3.184 billion euros.

      The energy networks division contracted by 3.1 percent to 2.97 billion euros, while the thermal power generation business posted sales of 1.797 billion euros, up 115 percent. The renewables division grew by 57.9 percent to 1.327 billion euros.

      Gross operating profit (Ebitda) was 4,643 million euros, up 49 percent, while net operating profit (Ebit) rose 74 percent to 3,532 million euros. The company explained that these increases were due to higher energy prices during the quarter.

      Engie has assured that it has undertaken "multiple actions" in the gas value chain to ensure energy supply. In this regard, the company said that its natural gas hedging positions minimize the risk in the event of a supply disruption.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.