France · Delayed Price · Currency is EUR Engie Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong 2025 results with resilient earnings, robust cash flow, and a 7% EBIT CAGR targeted through 2028. The UK Power Networks acquisition pivots the group toward regulated infrastructure, supporting growth, improved risk profile, and sustained shareholder returns.
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Resilient nine-month results with strong renewables and flexible power growth, robust cash flow, and a solid balance sheet. Guidance for 2025 is confirmed at the upper end, with continued investment in green and flexible assets and a de-risked nuclear portfolio.
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H1 2025 saw resilient financials with EBIT excluding nuclear at €5.1bn and strong cash flow, despite FX headwinds and market normalization. Renewables and infrastructure growth offset lower hydro and gas spreads, and guidance for 2025 is confirmed with confidence in future growth.
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EBIT and cash flow remained strong in Q1 2025, with renewables growth and a major nuclear deal reducing financial risk. Guidance for the year is confirmed, with robust hedging and capital flexibility supporting resilience amid market and policy uncertainties.
Fiscal Year 2024
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Record net income above €5 billion was achieved for a third year, with strong growth in renewables, batteries, and networks, and a major de-risking step via the Belgian nuclear deal. Cash flow and dividend increased, while guidance for 2025–2027 was raised.
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Q3 2024 saw robust growth in renewables, batteries, and networks, with EBIT up 18% in Q3 and strong cash generation. Full-year guidance is reaffirmed at the upper end, supported by disciplined execution and a resilient portfolio amid market and policy uncertainties.
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Strong H1 2024 results led to upgraded full-year guidance, with robust performance across renewables, Flex Gen, and cash flow. Strategic focus remains on renewables, storage, and disciplined network rebalancing, while managing regulatory and market risks.