ENGIE Group announces its 2016 Annual results

02 Mar 2017

2016 Results in line with guidance
Ahead of schedule on the transformation plan
Acceleration of the organic growth in 2017

2015 results in line with guidance

  • The Group reaches its guidance with a net recurring income Group share of EUR 2.5 billion, benefitting from the impacts of its performance program and the restart of the nuclear power plants in Belgium, but still impacted by the commodity prices;
  • Net income Group share amounts to EUR - 0.4 billion, mainly due to impairments which are partly compensated with non-recurring positive elements;
  • Cash generation remains strong at EUR 9.7 billion which enables to further reduce net debt.

  In EUR Billion 31/12/2016
31/12/20151
Δ 2016/15
gross
Δ 2016/15
organic
Revenues 66.6 69.9 - 4.6% - 4.0%
Ebitda 10.7 11.3 - 5.2% - 2.7%
Current Operating income2 6.2 6.3 -2.4% +1.6%
Net recurring income, Group share3 2.5 2.6 -4.3% na
Net income, Group share - 0.4 - 4.6    
Cash Flow from Operations (CFFO) 9.7 9.8 -0.2 bn€  
Net debt 24.8 27.7 - 2.9 bn€  
Net debt/Ebitda 2.3 x 2.5 x    
Credit rating A- / A2 A/A1    

1 The comparative figures as of December 31st, 2015 were restated with the New Ebitda definition adopted by the Group which excludes non-recurring contribution of share in net income of entities accounted for using equity method
2 Including share in net income of associates
3 Excluding restructuring costs, MtM, impairments, disposals, other non-recurring items, including financial and fiscal ones, and associated tax impacts

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