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GDF Suez announces extension of tests on Doel 3 and Tihange 2 nuclear plants; confirms FY 2014 financial guidance excluding impact from outage

Thursday, 12 Jun 2014 12:14pm EDT 

GDF Suez SA:Says tests currently ongoing on Doel 3 and Tihange 2 nuclear plants run by its subsidiary Electrabel will require more time than initially announced.Impact from outage of these two plants on net recurring income, group share is estimated at about 40 million euros per month.Impact on cash generation is significantly lower, given payment by Electrabel of Belgian nuclear contribution when these units are running.Excluding the impact from outage of Doel 3 and Tihange 2 during second semester, the Group confirms its guidance of net recurring income, group share for FY 2014 between 3.3 and 3.7 billion euros, assuming average weather conditions.Confirms FY 2014 dividend target of 65-75 pct pay-out with a minimum of 1 euro per share and payable in cash. 

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-0.25 -1.47%
3 Jul 2015