Press release

2011 full-year results

EDF
02/16/2012

Solid results and commitments upheld amid a troubled environment
Excellent industrial performance

  • Increase in nuclear output: +3.2% in France, +15.5% in the UK
  • Record commissioning at EDF Energies Nouvelles: 692 MW of new capacity
  • Group EBITDA: +6.6%1, €15bn before TaRTAM-related charges €0.2bn
  • Net income excluding non-recurring items: +13.4%, €3.5bn
  • Net income - Group share: €3bn, x32
  • Net financial debt/EBITDA: 2.2x
  • A proposed dividend of €1.15 per share for 20113, equivalent to a payout of 60%
  • 2012: targets in line with the 2011-2015 financial outlook, confirmed by the Group
  • Dividend for 2012 at least stable compared to the one paid for 2011

EDF SA's Board of Directors met on 15 February 2012 under the chairmanship of Henri Proglio to approve the financial statements and the consolidated accounts for the fiscal year ended on 31 December 2011.

Henri Proglio, Chairman and Chief Executive of EDF said: "2011 was marked by solid financial and operating results despite a troubled environment. In France and the United Kingdom, nuclear generation exceeded targets, underscoring the marked improvement in operating performance. The Group will thus be able to invest in the aim of meeting major energy challenges in France and abroad. Through innovation in nuclear and renewable energy, EDF will support these French industries in their development. And in 2012, EDF, a responsible and ambitious industrial company at the heart of the economic fabric, will put innovation and human capital at the centre of its investments".

More information in the press release

1 Organic growth excluding consequences of the ministerial decree (arrêté) issued on 4 July 2011 related to the non-recurring compensation in 2011 of charges linked to TaRTAM of €0.2bn
2 Compared with the Net income - Group share published in 2010, of €1,020 million
3 €0.58/share to be paid following the payment of an €0.57/share interim dividend paid on 16 December 2011 

The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, nergy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 95% of the electricity output is CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km f high and very high voltage networks. The Group is involved in supplying energy and services to approximately 28 million customers in France. The Group generated onsolidated sales of € 65.2 billion in 2010, of which 44.5% was achieved outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
Contacts
Press:
Carole Trivi & Sabine Mézard: +33 (1) 40 42 44 19

Analysts and investors:
Carine de Boissezon +33 (1) 40 42 45 53
David Newhouse (US Investors) +33 (1) 40 42 32 45
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Subjects: Finance EDF Group