A solid start to the year marked by a good operational and financial performance
FY 2025 guidance confirmed
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Business highlights |
Financial performance |
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Catherine MacGregor, CEO, said: « ENGIE had a good start to 2025, with EBIT excluding nuclear of €3.7 billion, representing an organic growth of 2% in the first quarter. Our balanced project portfolio, both in terms of geographies and activities, is a strong base for continuing our growth strategy in the current uncertain global context. As of March 31, ENGIE has 8.5 GW of renewable and battery capacity under construction, representing more than 100 projects worldwide. This period was also marked by the closing of the transaction with the Belgian government regarding the 10-year extension of two nuclear reactors. This is an important step for Belgium's energy security of supply, which also significantly improves ENGIE's risk profile, notably through the transfer of responsibility for nuclear waste. Despite an uncertain economic environment, the momentum of the Group and its solidity allow us to confirm our guidance for 2025.»
[1] Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses
[2] Net recurring income Group share
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