Skip to main content
L’univers d’ENGIE
EPA: ENGI 0,00€
0,00%
Menu

ENGIE Q1 2023 Financial information

Finance

Published on May 11, 2023

Download the press release

Strong operational and financial performance

FY 2023 guidance confirmed

Business highlights

Financial performance
  • Continued favorable energy market conditions
  • Renewables future growth assured with
    5.5 GW of projects under construction
  • Target of 4 GW on average of added capacity between 2023-2025 on track
  • 1 GW of Battery Energy Storage Systems (BESS) under construction, a crucial asset to provide flexibility to energy markets

 

 
  • EBIT of €3.8bn excluding Nuclear, up 29% organically, driven mainly by GEMS and Renewables
  • Strong balance sheet and high liquidity with improvement in credit ratios
  • Increased Cash Flow From Operations1 driven by EBITDA growth and improvement in Working Capital Requirements
  • Net financial debt decreasing to €22.6bn, down €1.4bn
  • FY 2023 guidance confirmed, with NRIgs2 expected in the upper end of the range of €3.4-4.0bn

 

1 Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses

2 Net recurring income Group share

ENGIE certified with Wiztrust

To secure its communication, ENGIE certifies its documents with Wiztrust since February 20, 2020. You can verify the authenticity of these documents on the site www.wiztrust.com

Our Media Kit

PDF

ENGIE Q1 2023 PR VDEF

11/05/2023

Download the document

Contacts

ENGIE Press

+33 (0)1 44 22 24 35

Investors Relations Contact

+33 (0)1 44 22 66 29