Earnings before interest, taxes, depreciation and amortization (EBITDA) for the full year 2007 registered an organic increase of 6.1% to E15.2 billion, compared to 2006. EDF Group’s net income for 2007 remained stable at E5.6 billion, while net income from ordinary operations stood at E4.7 billion, an increase of 10.6% compared to 2006.
EDF reported that its performance program targets for 2005-07 were delivered and exceeded with E1.2 billion in EBITDA gains and E1.9 billion in working capital requirement gains. EDF also met its debt reduction targets by reducing E5.7 billion in net financial debt.
EDF announced the launch of a new performance program for 2008-10 in which the investment target has been increased to E35 billion.
