ENGIE Group announces 2016 annual results

ENGIE Group has today announced robust full year 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.

 

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