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EDF Q1 Sales Down - Quick Facts

French electric utility EDF (EDFEF.PK) reported that its group sales for the first-quarter declined to 20.70 billion euros from 20.86 billion euros last year. Quarterly group sales were down 1.0% in organic terms.

Sales in France - Generation and supply activities in the first-quarter were 8.4 billion euros, up 3.5% in organic terms compared to the first quarter of 2019.

Sales in France - Regulated activities in 2020 were 5.12 billion euros, up 1.6% in organic terms compared to the first quarter of 2019.

EDF Renewables' sales amounted to 396 million euros. This is globally stable compared to the first quarter 2019, with an organic change of negative 0.7%.

Group Renewables' sales were 1.21 billion euros, an organic decrease of 4%. The decrease mainly reflects the decline in spot electricity prices used conventionally to value the hydropower generation. Wind farms benefited from favourable wind conditions in the first quarter.

In the United Kingdom, sales were 2.75 billion euros, up 10.7% in organic terms compared to the first quarter of 2019.

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