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Electricite de France SA Updates on FY 2013 Guidance

Tuesday, 30 Jul 2013 01:27am EDT 

Electricite de France SA announced that it is reiterating its financial targets for fiscal year 2013 of the ratio of net financial debt to EBITDA of between 2x and 2.5x and payout ratio of 55% - 65% of net income excluding non-recurring items. These targets include the full-year 2013 effect of the Spark savings programme. The Company also announced that given its operating performance since the start of the fiscal year 2013, as well as the results of new renegotiations on Edison gas contracts, it is raising its operating performance targets for the whole fiscal year 2013 and expects an EBITDA organic growth of at least 3% excluding Edison. 

Company Quote

-0.04 -0.18%
12:35pm EDT