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EDF Group FY18 Net Income Group Share Declines; Organic Growth In Sales At 4.0%

EDF Group SA (EDFEF.PK) reported that its fiscal 2018 net income Group share amount to 1.2 billion euros in 2018, down 62.9% from prior year. Earnings per share was 0.20 euros compared to 0.98 euros. EBITDA was 15.3 billion euros, an organic growth of 11.3% from prior year. Net income excluding non-recurring items was down 13.1% to 2.45 billion euros.

Fiscal 2018 sales were up 6.3% to 68.98 billion euros. Organic growth in sales were 4.0%, for the fiscal year. Nuclear output in France amounted to 393.2TWh, an increase of 14.1TWh over 2017.

For fiscal 2019, EDF targets EBITDA in a range of 15.3 billion euros to 16.0 billion euros.

EDF's Board of Directors decided to propose to the ordinary shareholders' meeting the payment of a dividend of 0.31 euros per share for 2018.

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