EDF Energies Nouvelles (EEN.FR) announced consolidated
revenues of EUR235 million for the first quarter of 2011, down 5.3% compared
with the first quarter of 2010.
MAIN FACTS:
- EDF Energies Nouvelles reported an increase of 28.8%
in Generation revenues at comparable structure (rise of 17.7% on a reported
basis) to EUR126 million in spite of highly unfavorable wind conditions in
Europe
.
- Revenues from
Europe
fell 16% to EUR178.3 million, while revenue from the
Americas
rose 60% to EUR56.8 million.
- Earlier this month Electricite de France SA
(EDF.FR), or EDF, which controlled 50% of EDF Energies Nouvelles filed a public
tender offer to buy the remainder of the company at EUR40 per share.
- EDF
Energies Nouvelles has reiterated its target of 4,200 MW in net capacity in
service by year-end 2012, including at least 500 MWp in solar capacity. The
Group is also restating its objective of 2011 EBITDA of at least EUR560
million.