Engie EBITDA to be slightly below forecast on Belgian nuclear -CFO
PARIS, Sept 24 (Reuters) - Engie's 2018 core
earnings will be slightly below the utility's target due to
longer than expected outages at its Belgian nuclear plants, but
next year the Belgian nuclear availability rate should
normalise, Engie's CFO said on Monday.
On Friday, the French gas and power group warned that the
Belgian outages would push its 2018 net recurring income to the
low end of its 2.45 billion-2.65 billion euros ($2.9
billion-$3.1 billion) forecast range but did not mention core
earnings before interest, tax, depreciation and amortisation
"We expect Ebitda ... to be slightly below the indication
that we had given at the beginning of the year," said Engie's
In February, Engie had said it aimed for core earnings of
9.3 to 9.7 billion euros.
(Reporting by Geert De Clercq;
Editing by Sudip Kar-Gupta)
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