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17 May 2022

ENGIE Q1 2022 Financial information

Very strong operational performance in exceptional market conditions

FY 2022 guidance upgraded

Business highlights

Financial performance

  • Multiple actions across the gas value chain to ensure security of gas supply
  • ENGIE’s European gas hedging positions optimised to minimise risk in the event of supply disruption
  • Continued progress on strategic plan towards simplification and growth, with €0.8bn disposals completed in 3 months
  • Accelerating Renewables development with c. 4 GW capacity to be added in 2022
  • Eolia acquisition completed
  • EQUANS disposal process on track
  • Significant growth in EBIT, up 76% organically in the context of unprecedented levels of volatility and higher prices
  • Negative Cash Flow From Operations, due to working capital variations, more than offsetting higher operating cash flows
  • Net financial debt at €27.3bn, up €2.0bn
  • Reinforced risk management and liquidity framework strengthened
  • Strong balance sheet, a competitive advantage in the current environment
  • FY 2022 guidance upgraded, with NRIgs expected in the range of €3.8-4.4bn