SALES UP 77% org. ()
SHARP DROP IN NUCLEAR OUTPUT IN FRANCE
IN A VERY HIGH PRICE ENVIRONMENT
DRAFT DOCUMENT RELATING TO THE SIMPLIFIED TENDER OFFER
FILED BY THE FRENCH STATE WITH THE AMF
SHARP DROP IN NUCLEAR OUTPUT IN FRANCE
IN A VERY HIGH PRICE ENVIRONMENT
DRAFT DOCUMENT RELATING TO THE SIMPLIFIED TENDER OFFER
FILED BY THE FRENCH STATE WITH THE AMF
Highlights
- Draft document relating to the simplified tender offer filed by the French State
- Filing on 4 October by the French State with the French Financial Market Authority (AMF) of the draft document relating to the simplified tender offer at €12 per share and €15.52 per convertible bond
- Nuclear
- Stress corrosion phenomenon: repairs completed on the circuits of the 5 reactors (3 of which had no signs of stress corrosion), 5 reactors undergoing repairs and investigation on 5 reactors.
- ARENH appeal: filing of a legal claim on 9 August with the Conseil d'état and a claim for indemnification with the French State for an amount estimated to date at €8.34 billion
- Renewables
- Saint Nazaire offshore wind turbines installed (480MW): first GWh injected into the market
- Customers
- Return of customers to EDF (net gains of more than 939k contracts over 12 months mainly in regulated tariffs) with a negative impact in EBITDA because of the purchase of the corresponding volumes on the market at very high prices
- Launch of the sobriety plan: promotion of load shedding and modulation offers and communication campaign on useful gestures
- Financing
- Senior bond issue on 5 October in 3 tranches for a nominal amount of €3 billion, including a green tranche for €1.25 billion, with a 12-year maturity
- Regulation
- European regulation capturing infra-marginal revenues of producers to €180/MWh
- Limit the increase in the regulated tariff in France to 15% including tax, as of 1st February 2023 announced by the French government
NB: see the whole press release in the PDF file opposite
() Organic change at comparable scope, standards and exchange rates.