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GDF Suez SA Confirms FY 2013 EBITDA and Net Income Guidance; Updates on FY 2013 Interim Dividend; Updates on H1 2013 Business Deals


Thursday, 1 Aug 2013 01:58am EDT 

GDF Suez SA announced that it has maintained its full year 2013 financial objectives, including net recurring income Group share between EUR 3.1 billion and 3.5 billion, assuming average weather conditions and stable regulation. This target is based on an estimated EBITDA between EUR 13 billion and 14 billion, after pro forma equity consolidation of Suez Environnement. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2013 EBITDA of around EUR 13.723 billion and full year 2013 net income of EUR 3.114 billion. The Company also announced that it will pay interim dividend of EUR 0.83 per share for the full year 2013 period on November, 20, 2013. The Company also announced that it is a member of the Franco-Japanese consortium selected for future construction and operation of the Sinop nuclear power plan in Turkey. In addition, it acquired 16.6% equity stake in the Cameron LNG natural gas liquefaction terminal and signature of a liquefaction contract for 4 Mtpa of LNG. The Company also announced the signing of a technical service agreement with China National Petroleum Corp. for the conversion of 6 depleted fields into underground natural gas storage facilities and signing of an agreement with CNOOC for the supply of a floating storage and regasification unit (FSRU).