French utility group EDF (EDFEF.PK) reported that its sales for the nine-month period were 51.97 billion euros, up from 47.15 billion euros last year.
EDF reiterated its 2012 guidance. The company still expects organic growth in a range of EBITDA of between 4% and 6%, Growth of net income excluding non-recurring items of between 5% and 10%. Dividend for 2012 is expected at least stable compared with 2011.
In July, the company had reiterated its 2011-2015 financial targets. The company expected EBITDA of 4-6% in average annual growth, and net income excluding non-recurring items of 5-10% in average annual growth.
In view of deteriorating business conditions, the company is currently working on the assumption that its EBITDA will be stable in 2013 and that growth will resume in 2014 and thereafter,with the objective of paying at least a stable dividend, the company said.
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