EDF.PA - Electricité de France S.A.

Paris - Paris Delayed Price. Currency in EUR
10.46
-0.32 (-3.01%)
At close: 5:35PM CEST
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Previous Close10.78
Open10.77
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.46 - 10.80
52 Week Range10.23 - 15.89
Volume2,541,705
Avg. Volume2,163,704
Market Cap32.533B
Beta (3Y Monthly)-0.05
PE Ratio (TTM)21.66
EPS (TTM)0.48
Earnings DateFeb 14, 2019 - Feb 18, 2019
Forward Dividend & Yield0.31 (2.87%)
Ex-Dividend Date2019-05-22
1y Target Est14.56
  • Reuters

    Russia, China and S.Korea vie for Bulgarian nuclear project

    State run energy companies from Russia, China and South Korea are among seven groups interested in becoming strategic investors in Bulgaria's Belene nuclear power project, the Balkan nation's energy minister said on Tuesday. Neighbouring North Macedonia has also expressed an interest in a minority stake and long-term contracts to buy electricity from the 2,000 megawatt project on the river Danube, estimated to cost 10 billion euros ($11 billion), Temenuzhka Petkova said.

  • Financial Times

    Rolls-Royce in talks to sell French nuclear business to Framatome

    Rolls-Royce is in talks to sell its French civil nuclear business to Framatome, a company controlled by France’s EDF, in the latest move by the FTSE 100 engineer to reshape its operations. Two people close to the sales process said on Tuesday night that talks with the French company were continuing. The aero-engine group confirmed in March it had hired consultants from KPMG to review options for its international civil nuclear business, estimated by analysts to be worth up to £200m.

  • Reuters

    UPDATE 1-Bulgaria nuclear project attracts China and S.Korea interest-sources

    SOFIA/MOSCOW, Aug 19 (Reuters) - State-run companies from China and South Korea have applied to be strategic investors in Bulgaria's revived Belene nuclear project, two industry sources familiar with the process said on Monday after Russia's Rosatom said it wanted to take part. Sofia plans to pick a strategic investor or investors by May 22 next year to install and run two Russian-made 1,000 megawatt reactors at Belene project on the river Danube. Energy Minister Temenuzhka Petkova will announce the bidders on Tuesday morning, the energy ministry said, a move preempted by Russia's state-owned Rosatom which said it had applied to take part in the project.

  • Bloomberg

    Welder Shortage Threatens Boris Johnson’s U.K. Nuclear Revival

    (Bloomberg) -- Britain’s plan to revitalize its aging nuclear energy infrastructure is likely to take a hit if Brexit jeopardizes a crucial supply of welders.The skilled workers have been in short supply for years, a strain that will likely worsen as new nuclear projects are built. About 13% of Britain’s welders come from other countries in the European Economic Area, according to the Migration Advisory Committee, which keeps a list of occupations with a shortage of workers.Without those additional workers, it’s likely to become more difficult and costly to build and operate multi-billion-dollar atomic plants, which are crucial to the U.K.’s target to produce net-zero carbon emissions by 2050. The stress is already apparent at Electricite de France SA’s 19.6 billion-pound ($24 billion) Hinkley Point C project, the only nuclear plant now under construction in Britain.“Hinkley requires a large number of welders,” said Peter Haslam, who retired on Friday as head of policy at the Nuclear Industry Association. “They come from Europe. We need these people to have easy access to the U.K.”Nuclear power makes up about a fifth of Britain’s electricity, and most of those plants are aging and will close in the next decade. Even with Prime Minister Boris Johnson’s call for a “nuclear renaissance,” replacing them won’t be easy. EDF’s Hinkley Point is still under construction and won’t produce any electricity for at least six years.Construction of the new units at Hinkley Point remains on schedule. While Parliament continues to debate the outcome of Brexit, EDF says it is working closely with the U.K. government on the implications to its workforce.An undertaking such as Hinkley Point requires at least 500 welders, of which about 75 need to be the highest-trained kind, said Guy Hazlehurst, workforce development director at EDF.The issue goes beyond Brexit. Many of the workers who had these skills have retired, and younger workers rarely choose to pursue the career.“The U.K. is dealing with a much wider skills shortage, in all sorts of areas,” said Andrew Cockcroft, a spokesman at EDF. “Even if Brexit wasn’t occurring, there would still be a welding shortage. It does exacerbate the problem.”To deal with the issue, EDF is spending millions to train a new crop of workers. The company is helping to organize funding for a welding education facility on top of 15 million pounds it has already spent on training in the area near Hinkley Point. For someone who is new to welding, the training can take about three years to reach the high standard necessary to work on a challenging nuclear project.That could be a tight time line. In the case of a no-deal exit later this year, EU citizens could continue to work on a three-year permit known as the European Temporary Leave to Remain. But the success of EDF’s education effort could be vital to keeping projects on time and on budget in the long term.“Regardless of the outcome of Brexit, if we are short of a certain skill-set for a certain amount of time, then the work still needs to be done,” said Andy Brown, director of operations at the Engineering Construction Industry Training Board, which helps train industrial workers. “There will be barriers and that will impact on schedule and if it impacts schedule, it will impact on costs.”READ MORE:U.K. Weighs New Financing Model to Spur Nuclear PowerU.K. Rethinks Nuclear Ambitions as Developers Drop OutEDF Plant Advances With Biggest Concrete Pour in U.K.To contact the reporter on this story: William Mathis in London at wmathis2@bloomberg.netTo contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • How Electricité de France S.A. (EPA:EDF) Could Add Value To Your Portfolio
    Simply Wall St.

    How Electricité de France S.A. (EPA:EDF) Could Add Value To Your Portfolio

    Attractive stocks have exceptional fundamentals. In the case of Electricité de France S.A. (EPA:EDF), there's is a...

  • GlobeNewswire

    Edf : information regarding the voting rights and shares

    2 August 2019 Information regarding the voting rights and shares (Article L.233-8-II of the French Commercial Code and 223-16 of the General Regulations of the.

  • Thomson Reuters StreetEvents

    Edited Transcript of EDF.PA earnings conference call or presentation 26-Jul-19 6:30am GMT

    Half Year 2019 Electricite de France SA Earnings Call

  • Electricité de France S.A. (EPA:EDF): Poised For Long Term Success?
    Simply Wall St.

    Electricité de France S.A. (EPA:EDF): Poised For Long Term Success?

    Based on Electricité de France S.A.'s (EPA:EDF) earnings update on 30 June 2019, it seems that analyst forecasts are...

  • GlobeNewswire

    EDF: Press release on filing of the Universal Registration Document (URD) including the Half-Year Financial Report at 30 June 2019

    Press release on filing of the Universal Registration Document (URD)including the Half-Year Financial Report at 30 June 2019 Paris, July 26, 2019. EDF’s Universal Registration.

  • GlobeNewswire

    Edf: 2019 half-year results. Stable EBITDA. Confirmation of 2019 targets and 2019-2020 ambitions.

    PRESS RELEASE 26 July 2019    2019 half-year resultsStable EBITDA Confirmation of 2019 targets and 2019-2020 ambitions Key figures of the 2019 half-year results.

  • Paris Scorches in Historic Drought as Heatwave Fries Europe
    Bloomberg

    Paris Scorches in Historic Drought as Heatwave Fries Europe

    (Bloomberg) -- Paris is its driest in almost 150 years and temperatures across Europe are reaching extreme levels, scorching fields and shutting power plants.As temperatures climb across Europe, peaking on Thursday in Paris and London, the effects of extreme weather are becoming clearer. Electricite de France SA cut its nuclear output because river water is too warm to cool plants, power prices have jumped and farmers are frustrated by another bad spell for crops.This summer has already seen raging wildfires in Portugal and Spain, falling water levels on Germany’s Rhine River and irrigation restrictions in France. The extreme conditions follow last year’s drought that pummeled crops, and has heightened attention on the environment amid concern over climate change.In the east German state of Mecklenburg-Western Pomerania, Christa-Maria Wendig is worried these once-rare droughts are becoming common. She plans to give up planting rapeseed in the coming months because of the dry weather and the heatwave stunted her ripening corn crop."Our ponds are empty and the meadows withered," she said.Day-ahead electricity prices in France have jumped to a five-month high. Temperature records have already been broken in parts of the country, and Paris is forecast to hit 42 Celsius (108 Fahrenheit).Electricite de France has reduced output at two nuclear reactors at its St. Alban plant by as much as 55% in the coming days due to warm river water. The company, which produces about three-quarters of France’s power, already halted two reactors at Golfech this week, as the Garonne river is too warm for cooling the plant. EDF has said it will prepare nuclear plants to operate in more severe heatwaves in the coming decades amid a changing climate.In agriculture, the heatwave is having the biggest impact on corn fields, which are in a key growth stage. Yields will drop sharply if beneficial rains don’t arrive soon, said German grains handler Agravis Raiffeisen AG. Winter wheat and barley are already being collected and escaped most of the bad weather.Some farmers in France and Germany may harvest corn early as silage to build up their animal-feed supplies for the winter, rather than collecting the crops as grain to sell on the market, said Laurine Simon, an analyst at consultant Strategie Grains. Forage stocks are already low after last year’s drought, and Paris corn futures are up about 10% since late May.Conditions are critical for farmers unable to irrigate in France, where water restrictions began two months earlier than last year, said Cedric Benoist, who has been able to water his fields of grain and other crops south of Paris thanks to groundwater reserves. Ratings for corn in France, one of the EU’s top growers, have declined since late June.In the east German state of Brandenburg, where farmers are contending with the third straight summer of drought conditions, industry representatives have called for emergency aid from state and federal government. While the dry spell isn’t yet as severe as the one seen in 2018, farmers are still expecting smaller-than-usual grain harvests.“There’s no question of us relaxing,” said Henrik Wendorff, the head of Germany’s Brandenburg LBV farmers’ association. “The kind of bumper harvest that would have enabled us to compensate for the harsh losses of the previous year won’t be there.”(Updates with EDF output cuts from second paragraph.)\--With assistance from Rudy Ruitenberg and Jesper Starn.To contact the reporters on this story: Megan Durisin in London at mdurisin1@bloomberg.net;William Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Stuart WallaceFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    EDF signs two bilateral sustainable revolving credit facilities with Crédit Agricole CIB and Societe Generale CIB, bringing the total of its sustainability-linked loans to over €5 billion

    PRESS RELEASEParis, 22 July 2019      EDF signs two bilateral sustainable revolving credit facilities with Crédit Agricole CIB and Societe Generale CIB, bringing the total of.

  • Is Electricité de France S.A.'s (EPA:EDF) CEO Paid Enough Relative To Peers?
    Simply Wall St.

    Is Electricité de France S.A.'s (EPA:EDF) CEO Paid Enough Relative To Peers?

    Jean-Bernard Lévy has been the CEO of Electricité de France S.A. (EPA:EDF) since 2014. This report will, first...

  • GlobeNewswire

    EDF SA - Disclosure of trading in own shares made on 10 July 2019

    Electricité de France SA – Disclosure of trading in own shares made on 10 July 2019 Purpose of the buyback: Completion of an offer reserved for employees and former employees.

  • GlobeNewswire

    EDF: EDF Group successfully completes its offer reserved for employees and former employees

    The offer to eligible employees, former employees and retired employees of the EDF Group1 announced on 17 April 2019 was successfully completed. On 10 July 2019, EDF purchased 7,704,974 EDF shares from the French State for an aggregate price of €94,462,981.24, i.e., €12.26 per share (which corresponds to the average rate weighted by the daily volumes of EDF shares traded on the Euronext Paris stock market from 23 May to 19 June 2019).

  • GlobeNewswire

    Edf: Half Year Report for the Liquidity Agreement with Oddo BHF

    Press release9 July 2019      Half Year Report for the Liquidity Agreement with Oddo BHF In connection with the execution of the liquidity agreement entered into between EDF.

  • GlobeNewswire

    EDF: Information regarding the voting rights and shares

    3 July 2019 Information regarding the voting rights and shares (Article L.233-8-II of the French Commercial Code and 223-16 of the General Regulations of the “AMF”).

  • Reuters

    EDF eyes lifespan extension with Tricastin 1 nuclear reactor upgrade

    SAINT-PAUL-TROIS-CHÂTEAUX, France, June 28 (Reuters) - F rench state-controlled utility EDF has started a 250 million euro ($284.65 million) maintenance and upgrade works at its 900 megawatt Tricastin 1 nuclear reactor that could enable it operate for another ten years. Commissioned in 1980, Tricastin 1 is the first in France's fleet of 58 reactors to undergo a fourth 10-yearly overhaul, a thorough review to ensure its integrity beyond 40 years of operation, and the ability to function for another 10 years. EDF would have to demonstrate to nuclear safety authority ASN, that it is properly managing the aging reactor, while improving safety and environmental levels, taking into account new measures place since the 2011 Fukushima accident in Japan.

  • Reuters

    UPDATE 3-New Jersey selects Denmark's Orsted for major offshore wind project

    New Jersey on Friday selected Denmark's Orsted A/S to develop a 1,100-megawatt wind project off the coast of Atlantic City, the largest ever offshore wind procurement by a U.S. state. Orsted's proposal received unanimous approval at a meeting of the five-member New Jersey Board of Public Utilities (BPU), which was tasked with evaluating the proposals.