Electricite de France has delivered consolidated sales of E58.9 billion in 2006, up 15.4% on 2005, as prices and volumes improved.
Overall organic sales growth stood at 11%, with the firm’s home French market achieving organic growth of 6.4%. Europe excluding France delivered impressive sales growth of 19.7%. Meanwhile, the company posted organic growth of 6.8% for the fourth quarter of 2006, in the context of a milder than usual climate in Europe.
EDF’s best individual market for sales growth was the UK, where sales improved 24.3%. The energy company’s sales figure also benefited, for the first time, from the integration of results from its Italian divisions, and EDF’s German and rest of Europe businesses also made solid contributions.
Pierre Gadonneix, chairman and CEO of EDF, commented: 2006 was marked by the strong growth of our activities in all our markets in Europe. The group has strengthened its overall commercial positions in electricity and natural gas against a backdrop of strong increase in prices in Europe and of a slight evolution in tariffs in France.