Company Overview of ENGIE SA
ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through five segments: GDF SUEZ Energy International, GDF SUEZ Energy Europe, GDF SUEZ Global Gas & LNG, GDF SUEZ Infrastructures, and GDF SUEZ Energy Services. The GDF SUEZ Energy International segment produces and markets power in North America, Latin America, Asia-Pacific, the United Kingdom, Turkey, and the Middle East, as well as distributes and markets gas in North America, Latin America, Asia, and Turkey. This segment is also involved in liquefied natural gas (LNG) import and regasification activities in North America and Chile; and seawater desalination in the Arabian Peninsula. The GDF SUEZ ...
1, place Samuel de Champlain
Founded in 1880
Key Executives for ENGIE SA
Chairman and Chief Executive Officer
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2014.
ENGIE SA Key Developments
Statoil ASA, Eni Norge AS, Lundin Norway AS, OMV Group and GDF SUEZ Announce Collaboration to Resolve Operational Tasks
Apr 30 15
Statoil ASA, Eni Norge AS, Lundin Norway AS, OMV Group and GDF SUEZ have announced a collaboration to resolve operational tasks tied to exploration in the Barents Sea. The project, which was initiated by Statoil and Eni Norge, will be led by Statoil in the first phase, but all the companies participate in the steering group and contribute to the working groups, and the work will start immediately.
ENGIE Reportedly Mulls Acquisitions
Apr 30 15
ENGIE SA (ENXTPA:GSZ) reportedly is seeking acquisitions. Engie is considering further acquisitions to expand its presence in renewable energy and the global market for natural gas shipments.
GDF SUEZ Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015
Apr 27 15
GDF SUEZ reported earnings results for the first quarter ended March 31, 2015. For the period, the company’s revenues reached EUR 22.1 billion against EUR 22.7 billion a year ago, EBITDA reached EUR 3.6 billion against EUR 4.0 billion a year ago, and COI reached EUR 2.4 billion against EUR 2.9 million a year ago. The decrease of these indicators over the period does not reflect the expected trajectory for the full year, as company anticipated that some drivers will either reverse or improve over the rest of the year, especially in the second semester. Cash flow from operations remained strong at EUR 3.1 billion against EUR 3.3 million a year ago. The net CapEx amounted to EUR 1.2 billion over the period, while net debt reached EUR 26.8 billion at end of March, down by EUR 0.7 billion compared to year-end. Revenues were down by 3.0% on a gross basis and 5.9% on an organic basis. This decrease is notably due to the drop in commodity price and the unavailability of Doel 3 and Tihange 2 nuclear plants, despite a more favorable weather compared to the first quarter of 2014.
For 2015, the company has confirmed guidance of a net recurring income group share in the range of EUR 3 billion to EUR 3.3 billion. The company expects EBITDA between EUR 11.7 billion and EUR 12.3 billion in 2015.
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