Significant progress on execution of strategic plan
Strong financial and operational performance
Proposal to pay a dividend of €1.40 per share for 2022
Business highlights | Financial performance |
- Leading role played by ENGIE to support security of supply in Europe
- Continued contribution to public policy measures through Working Capital support, extraordinary taxes and dedicated customer actions
- Major progress on simplification with €11.0bn disposals signed or closed
- €5.5bn growth Capex, primarily in Renewables, Networks and Energy Solutions
- Acceleration in Renewables with +3.9 GW of capacity added in 2022, taking total installed capacity to c. 38 GW
- Further progress on coal exit, coal represents 2.6% of centralised generation capacity
| - 2022 guidance achieved with continuing NRIgs of €5.2bn
- EBIT of €9.0bn, up 43% organically, with growth across most activities. Key contribution from GEMS and Thermal in unprecedented market conditions as well as from new capacity additions for Renewables
- Impact of windfall profit taxes of €0.9bn in 2022, mainly in Belgium and Italy, in addition to existing Government profit sharing mechanisms in Belgium and France (nuclear and hydro) of €1.1bn
- Strong balance sheet and high liquidity with improvement in credit ratios
- Improved Cash Flow From Operations1, despite Working Capital headwinds due to energy prices
- Net financial debt at €24.1bn, down €1.3bn.
- 2022 proposed dividend of €1.40 per share
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1 Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses
