FINANCE

9M 2024 Results: strong performance

By ENGIE - 06 November 2024 - 20:10

2024 guidance is confirmed, in the upper end of the range.

 

Based on the strong financial performance over the first nine months of 2024 and better than expected recurring net financial costs for the full-year, 2024 Net Recurring Income group share (NRIgs) guidance is now expected to be in the upper end of the range of €5.0-5.6bn. EBIT excluding Nuclear is also expected to be in the upper end of the indicative range of €8.2-9.2bn.


Business highlights:

  • Excellent execution in Renewables, with 2.3GW of new capacity and 7.2GW under construction as of September 30
  • Confident of achieving full-year target of 4GW additional capacity
  • Acceleration in batteries* with 1.0GW added capacity and 3.0GW under construction as of September 30
  • Awarded new 1,000km power transmission concession in Brazil
  • Proposal by the Board of Directors for the renewal of Catherine MacGregor's mandate as a member of the Board to the next AGM

 

*Including collocated batteries (renewables) and standalone batteries (Flex Gen)

resultats 9M 2024
over-the-years-image

”Over the first nine months of the year, ENGIE has delivered very strong earnings and substantial cash flow. These results are driven by a variety of our activities and demonstrate the relevance of ENGIE’s integrated model. Building on these strong operational and financial performances, ENGIE maintains its progress towards constructing a decarbonized, reliable, and affordable energy system.”

Catherine MacGregor - CEO