https://sputnikglobe.com/20230221/french-energy-giant-engie-reports-94-fall-in-net-income-year-on-year-in-2022-1107655851.html
French Energy Giant Engie Reports 94% Fall in Net Income Year-on-Year in 2022
French Energy Giant Engie Reports 94% Fall in Net Income Year-on-Year in 2022
Sputnik International
Engie said on Tuesday its net income had amounted to just around 200 million euros ($214 million) in 2022 after dropping 17-fold from 3.6 billion euros in 2021 due to global economic challenges.
2023-02-21T11:02+0000
2023-02-21T11:02+0000
2023-02-21T11:02+0000
economy
engie
france
fuel
energy
https://cdn1.img.sputnikglobe.com/img/07e7/02/15/1107655102_0:159:3076:1889_1920x0_80_0_0_7f77f0abdd6714de0300268e24978a34.jpg
At the same time, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) grew to 13.7 billion euros by 29.8% compared to 2021, with the net debt falling by 1.3 billion euros to 24.1 billion euros over the past year.The company also said it expected its earnings before interest and taxes (EBIT) to reach 6.6-7.6 billion euros in 2023 and later increase to 7.5-8.5 billion euros in 2025.Engie (formerly known as GDF Suez) is one of Europe's leading energy companies, operating in the areas of electricity generation and distribution, gas extraction and transportation, as well as the development of renewable energy sources.The firm was one of the key European importers of Russian gas and one of the major stakeholders of the Nord Stream 1 and Nord Stream 2 pipelines. However, in response to Russia's special operation in Ukraine, Western countries imposed a series of sanctions on Moscow, with Germany halting certification of the ready-to-operate Nord Stream 2.
https://sputnikglobe.com/20230220/world-deserves-a-thorough-investigation-of-nord-stream-sabotage-china-says-1107627633.html
france
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
engie net income, how much engie woth, engie loses 94% of in income, engie financial results, who suffered from nird stream attack, who is hit by sanctions, engie sanctions, engie russian gas, who buys russian gas
engie net income, how much engie woth, engie loses 94% of in income, engie financial results, who suffered from nird stream attack, who is hit by sanctions, engie sanctions, engie russian gas, who buys russian gas
French Energy Giant Engie Reports 94% Fall in Net Income Year-on-Year in 2022
MOSCOW (Sputnik) - Engie said on Tuesday its net income had amounted to just around 200 million euros ($214 million) in 2022 after dropping 17-fold from 3.6 billion euros in 2021 due to global economic challenges.
"Net income Group share amounted to €0.2 billion. The €3.4 billion decrease compared to 2021 was mainly linked to the negative effect of the mark-to-market on commodity contracts other than trading instruments, impairment losses, the Nord Stream 2 [gas pipeline] credit loss, the provision increase for the back-end nuclear fuel of Belgian nuclear power plants," Engie said in its financial report.
At the same time, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) grew to 13.7 billion euros by 29.8% compared to 2021, with the net debt falling by 1.3 billion euros to 24.1 billion euros over the past year.
The company also said it expected its earnings before interest and taxes (EBIT) to reach 6.6-7.6 billion euros in 2023 and later increase to 7.5-8.5 billion euros in 2025.
Engie (formerly known as GDF Suez) is one of Europe's leading
energy companies, operating in the areas of electricity generation and distribution, gas extraction and transportation, as well as the development of renewable energy sources.
The firm was one of the key European importers of Russian gas and one of the major stakeholders of the Nord Stream 1 and
Nord Stream 2 pipelines. However, in response to Russia's special operation in Ukraine, Western countries imposed a series of sanctions on Moscow, with Germany halting certification of the ready-to-operate Nord Stream 2.
20 February 2023, 13:31 GMT
