French utility group EDF(EDFEF.PK), on Tuesday said that its first-quarter EDF group sales rose by 12.1 percent from the same quarter a year ago. The company in a statement said that the rise mainly reflected the impact of the full consolidation of Edison, the increase at constant scope and exchange rates which was at 4.7%, reflecting, in particular, rising volumes as a result of a weather effect in France and, to partially, the United Kingdom and Italy as well as an improvement in the operating performance in the United Kingdom and the United States in comparison to the same period in 2012.
EDF Group sales in the first quarter of 2013 grew to 23.35 billion euros from 20.83 billion euros in the prior-year period.
Henri Proglio, Chairman and CEO of EDF, stated, "Our sales growth in the first quarter once again proved the relevance of the Group's integrated business model. Highlights included strong performances from the United Kingdom and EDF Energies Nouvelles. Its business model will enable EDF, the leading industrial company in France, to again invest nearly €12 billion in its businesses and hire over 6,000 people, including 2,000 new positions created."
EDF reiterated its 2013 EBITDA outlook. The company still expects organic EBITDA growth, excluding Edison at 0-3%.
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