PARIS (dpa-AFX) - French utility GDF Suez SA (GDFZY.PK, GDSZF.PK) announced nine-month revenues of 54.48 billion euros, down 7.5% on a gross basis and 7.3% on an organic basis year-over-year. Revenues are growing organically for all business lines except Energy Europe, the company said.
Ebitda for the period totaled 8.85 billion euros, down 15.4% on a gross basis and 12.0% on an organic basis versus same period in 2013. Current operating income or COI reached 5.36 billion euros, down by 17.3% on a gross basis and by 13.7% on an organic basis, compared with the end of September 2013. Excluding the Energy Europe business line, COI organic growth is 2.1% compared to September 2013.
Looking ahead, the Group confirmed its 2014 financial targets, expecting net recurring income, group share between 3.1 billion euros and 3.5 billion euros, considering the impact of Doel 3 and Tihange 2 outages. Also it expects a 2014 dividend with a 65-75% payout , with a minimum of 1 euro per share, payable in cash.
Copyright RTT News/dpa-AFX