|PRESS RELEASE |
14 April 2020
Update on the consequences of the Covid-19 sanitary crisis
The economic turmoil that follows from the current sanitary crisis results in a drop in power demand and significantly impacts many of the Group’s businesses, namely nuclear generation (which EDF indicates is currently under review and will be adjusted significantly below the initial assumption), new-build projects and services.
Consequently, the EDF Group withdraws all its financial targets for 2020, including the lower end of the EBITDA range of €17.5 billion, as well as for 2021.
This press release is certified. Its authenticity can be checked on medias.edf.com
A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 38.9 million customers(1), 28.8 million of which are in France. It generated consolidated sales of €71 billion in 2019. EDF is listed on the Paris Stock Exchange.
(1) The customers were counted at the end of 2019 per delivery site; a customer can have two delivery points: one for electricity and another for gas.
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