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Search resuls for: "Benjamin Mallet Silvia Aloisi"


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☆ EDF faces 32 bln euro earnings hit from lower nuclear output
  + stars: | 2022-10-27 | by ( Benjamin Mallet Silvia Aloisi | Benjamin Mallet | Silvia Aloisi | ) www.reuters.com   time to read: +2 min
PARIS, Oct 27 (Reuters) - EDF (EDF.PA) is expecting a hit of around 32 billion euros ($32.18 billion) to its full-year core earnings from lower nuclear production, a bigger loss than previously estimated and its sixth profit warning this year. The group, which is in the process of being fully nationalised, confirmed nuclear output would come in at the lower end of a previously announced 280-300 terawatt-hours range - a 30-year low. In September, EDF had forecast a hit to its earnings of 29 billion euros due to lower production. The combination of lower output and capped electricity prices means EDF is set to end the year with a big loss. The company's core earnings or EBITDA in 2021 came in at 18 billion euros.
☆ EU windfall tax would cost TotalEnergies more than 1 billion euros - CEO
  + stars: | 2022-09-21 | by ( Benjamin Mallet Silvia Aloisi | Benjamin Mallet | Silvia Aloisi | ) www.reuters.com   time to read: +3 min
A debate is raging in European countries over whether oil companies making record profits because of the energy crisis should pay additional taxes to help consumers cope with soaring inflation. Patrick Pouyanne, being grilled by French lawmakers, said TotalEnergies was waiting to see how the EU debate evolved before deciding whether to lower prices further at French petrol stations next year. Environment media outlet Basta reported in July that the group had paid no taxes on profits for its French companies in 2019 and 2020, citing the group's own reports. Pouyanne told the hearing he expected TotalEnergies would pay taxes on profits earned in France this year. He also said it would pay about 8 billion euros in dividends in 2022, in line with last year.
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