Turnover: 143 billion EUR (2022)
Country: France
Electricité de France (EDF) is a major player in the French electricity market, involved in generation, transmission and distribution. Transformed into a majority state-owned public limited company in 2004, EDF covers all segments of the electricity sector. The Group's production is dominated by nuclear energy, making EDF the world leader in nuclear power generation, according to 2012 data.
EDF is organized around four major pillars:
1. Engineering: This department covers the design, construction and maintenance of power generation facilities. It is also involved in the development of products and services for the maintenance and modernization of power plants, thus ensuring the quality and safety of operations.
2. Power generation (Upstream): EDF's energy production is diversified and includes:
- Nuclear generation: The first of its kind in the world, with significant installed capacity, mainly in France.
- Thermal generation: Coal, gas and fuel oil are used to supplement nuclear power and meet variable demand.
- Hydropower: First type of renewable resource exploited by EDF in France.
- Other renewable energies: Biomass, wind, solar, marine and geothermal, managed by dedicated subsidiaries.
3. Energy trading: EDF Trading manages the purchase and sale of electricity, natural gas and fossil fuels, responding to fluctuations in demand and production.
4. Transmission and distribution (Downstream): Transmits and distributes electricity to end consumers via subsidiaries RTE and ERDF. These regulated entities ensure neutral and fair distribution on the market, and are independent of EDF in terms of management.
In Europe, EDF also has distribution subsidiaries, such as EDF Energy in the UK and Edison in Italy, which operate in compliance with local regulations.
The sales of France's leading energy company break down as follows:
- Electricity and gas generation and sales: 66
- Network management: 23
- Services: 10%
News
Nuclear power: ways to finance France's €67 billion program 17/09/2024
- - Total estimated cost of the EPR2 program: 67.4 billion euros.
- - Expenditure already committed and planned by EDF: 3 billion euros spent up to the end of 2024, a further 2 billion planned in 2025, and 3 billion in 2026.
- - Unlike the UK model, there are no plans to charge French consumers via their electricity bills during the construction of these plants.
- - No recourse to private funds is envisaged to finance the EPR2s, because France has just renationalized EDF.
- - French public finances would take on a substantial share of the construction risks. France is considering a zero-interest loan for the duration of the construction period to reduce the project's financing costs.
- - EDF intends to finance half of the EPR2 project, in line with a desire not to opt for a 100% regulated model and to retain ownership of these plants over the long term.
EDF to produce Arabelle turbines itself 29/07/2024
- - Number of employees transferred to EDF: A total of 3,300 employees, including 2,500 in France, affected by EDF's control of General Electric's nuclear activities inherited from Alstom.
- - Capacities of Arabelle turbines: These are claimed to be the most powerful in the world, powering the latest generation of French EPR nuclear reactors as well as Russian Rosatom's VVERs.
- - EDF's stake in Framatome: EDF became a 75% shareholder in Framatome following the breakup of Areva in 2015.
- - To integrate GE's Steam Power division, EDF created a new subsidiary called Arabelle Solutions
Nuclear mini-reactor: EDF changes plans for Nuward project 01/07/2024
- EDF's planned small reactor capacity: 170 megawatts (MW), i.e. 340 MW for a two-reactor power plant.
- Estimated development cost of the Nuward project: in the region of one billion euros.
- Time to market: 2035-2040.
Arabelle, the nuclear turbine, returns to French ownership after two years of negotiations 01/06/2024
- EDF officially takes over General Electric's (GE) nuclear activities
- Arabelle Solutions will be a 100% subsidiary of EDF.
- The operation is considered fundamental to France's energy independence.
- Part of Arabelle Solutions' business comes from contracts signed with Rosatom, notably for projects in Russia.
- The operation contributes to EDF's vertical integration by taking over the key elements of the nuclear cycle.
- Around 3,300 jobs are affected by this transaction, 70% of which are based in France.
- The transaction includes the maintenance of some 200 turbines installed worldwide, with the exception of those in the Americas.
Arabelle: EDF to finally take over General Electric's nuclear activities 01/06/2024
- - Entity concerned by the takeover: Nuclear activities of General Electric (GE) by EDF.
- - Takeover of Arabelle turbine maintenance and manufacturing activities.
- - Challenge: Master the entire nuclear cycle
EDF is currently inspecting all its nuclear reactors. 12/02/2022
- The Group has revised its forecasts for 2023 downwards
- It expects nuclear power production to be between 300 and 330 terawatt-hours, compared with 340 to 370 TWh previously.
- To avoid any impact on production due to a systemic problem, the energy company has embarked on an inspection of all its reactors
- EDF share price in constant decline
- Reduced margins of maneuver for electricity generation
april 2, 2019 - EDF goes hydrogen - source(euro-energie)
- According to McKinsey, by 2050, hydrogen consumption will account for 18% of final energy demand worldwide
- 95% of hydrogen is currently produced from fossil fuels
Financial Data
DUNS: 552081317
Legal Name: ELECTRICITE DE FRANCE
Address: 22 AV DE WAGRAM 22-30, 75008 PARIS 8
Number of employees: Plus de 10 000 salariés (2020)
Capital: 1 943 859 210 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Turnover | 53 001 000 000 | 44 315 000 000 | 46 155 000 000 | 44 874 000 000 | 42 371 000 000 | 40 857 000 000 |
| Gross margin (€) | 59 189 000 000 | 49 344 000 000 | 13 640 000 000 | 12 527 000 000 | 10 840 000 000 | 46 576 000 000 |
| EBITDA (€) | -1 082 000 000 | 6 585 000 000 | 6 663 000 000 | 5 127 000 000 | 3 202 000 000 | 8 728 000 000 |
| Operating profit (€) | 2 567 000 000 | 1 894 000 000 | 3 352 000 000 | 1 652 000 000 | 992 000 000 | 3 178 000 000 |
| Net profit (€) | 1 457 000 000 | 222 000 000 | 1 593 000 000 | 1 591 000 000 | 1 924 000 000 | 5 517 000 000 |
| Turnover growth rate (%) | 19,6 | -4 | 2,9 | 5,9 | 3,7 | -1,7 |
| Ebitda margin rate (%) | -2 | 14,9 | 14,4 | 11,4 | 7,6 | 21,4 |
| Operating margin rate (%) | 4,8 | 4,3 | 7,3 | 3,7 | 2,3 | 7,8 |
| Working Capital (turnover days) | -128,3 | -568,1 | 176,7 | -87,3 | 196 | -75 |
| Working Capital requirements (turnover days) | 28,7 | -8,3 | 27,1 | 28,2 | 33,5 | -54,5 |
| Net margin (%) | 2,7 | 0,5 | 3,5 | 3,5 | 4,5 | 13,5 |
| Added value / Turnover (%) | 20,6 | 21,4 | 20,6 | 19,3 | 16 | 100 |
| Wages and social charges (€) | 13 914 000 000 | 6 439 000 000 | 6 453 000 000 | 6 565 000 000 | 6 754 000 000 | - |
| Salaries / Turnover (%) | 26,3 | 14,5 | 14 | 14,6 | 15,9 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du conseil d'administration,Directeur général | Luc | Remont | 55 | |
| Administrateur | Colette | De Botton | 79 | |
| Administrateur | Claire | Baconnet | 59 | |
| Administrateur | Michèle | Cotinaud | 67 | |
| Administrateur | Bruno | Cremel | 59 | |
| Administrateur | Gilles | Denoyel | 70 | |
| Administrateur | Philippe | Petitcolin | 72 | |
| Administrateur | Nathalie | Ribes | 60 | |
| Administrateur | Delphine | Geny | 56 | |
| Administrateur | Luc | Remont | 55 | |
| Administrateur | Anne-Marie | Descôtes | 64 | |
| Administrateur représentant les salariés | Jean-Paul | RIGNAC | 62 | |
| Administrateur représentant les salariés | Christine | STROBANT | 53 | |
| Administrateur représentant les salariés | Christian | Taxil | 49 | |
| Administrateur représentant les salariés | Vincent | Rodet | 59 | |
| Administrateur représentant les salariés | Karine | Granger | 56 | |
| Administrateur représentant les salariés | Claire | Bordenave | 62 | |
| Administrateur représentant les salariés | Sandrine | LHENRY | 50 | |
| Administrateur représentant l'Etat | Alexis | Zajdenweber | 48 |
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