PARIS (Reuters) – French state-owned utility EDF’s first-quarter gross sales jumped 61% to 35.58 billion euros ($37.40 billion) on the again of upper energy and fuel costs however the agency was cautious about its core revenue outlook.
It mentioned the rise in gross sales will solely have a restricted impression on core earnings as a decline in its nuclear manufacturing as a consequence of reactor outages will power it to purchase energy on wholesale markets in a context of excessive costs.
EDF additionally mentioned it had no publicity to Russian firms affected by worldwide sanctions but it surely had suffered an oblique impression by way of robust commodity market volatility, larger market costs and a few tensions on its provide chains.
($1 = 0.9514 euros)
Reporting by GV De Clercq; Modifying by Sudip Kar-Gupta
