Engie’s First-Quarter Profit Slips 15% on Lower Energy Sales

Engie SA reported a 15% drop in first-quarter earnings after a warm winter cut gas demand in France, while nuclear power sales were squeezed by the shutdown of reactors in Belgium.

Earnings before interest and taxes fell to €3.52 billion ($4.14 billion) from €4.13 billion a year earlier, the French utility said Thursday. Excluding its nuclear activities, Ebit declined 8.4%.