EDF Reports Record Loss After Nuclear Output Hit by Repairs
- Group’s net financial debt soared 50% in 2022 to €64.5 billion
- CEO sees 2023 Ebitda ‘significantly higher’ than in 2021
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Electricite de France SA reported a historic loss for 2022 after repairs choked its nuclear output, but the utility predicted a significant rebound in earnings this year as production recovers.
The state-controlled generator swung to a net loss, excluding non-recurring items, of €12.7 billion ($13.5 billion) last year after a profit of €4.7 billion in 2021, according to a statement on Friday.