EDF's market cap, dividends, sales and earnings in 2020

  •   DEHOUI Lionel

EDF (Électricité de France) is a French company founded in 1948 and based in Paris. The State holds a share of more than 80%. The company specialises in the generation and supply of electricity. It is the first company to perform this function in France and throughout Europe. In addition, the group's activity was penalised by the health crisis in 2020. Here are the details of the results revealed by the company for this year.

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Overall performance in 2020

Over the full twelve months of the 2020 financial year, the EDF Group's turnover reached €69,031 million, compared with €71,347 million for the previous year. 71,347 million in the previous year, representing an organic decline of 3.4% year-on-year. In 2020, the company recorded an Ebitda of 16,174 million euros, compared to 16,723 a year earlier.

It reported a decline of 2.7% (organic). The Covid-19 health crisis had a significant impact on the group's Ebitda during the year. Excluding the effect of the pandemic, it should grow organically by 6.2%. For the year 2020, the company's Ebitda will be €3,875 million, compared to €6,757 million in 2019. 6,757 million in 2019. This represents a year-on-year decline of 42.7%.

In 2020, the company's net current result amounted to EUR 1 969 million. 1,902 million compared to the previous year (€3,871 million). Net income, group share, decreased by €4,505 million compared to 2019 (€5,155 million) to €650 million in 2020.

This underperformance is mainly due to the decline in net current profit as well as other insignificant recurring items. For the 2020 financial year, the group's financial result stands at €2,582 million. Compared to the year 2019, it decreased by €2,218 million.

 

Annual group results by segment

In 2020, the France "Production and marketing activities" segment generated revenue of €28,361 million, compared with €27,870 million in 2019. It grew organically by 0.7% over the one-year period. In contrast, its Ebitda fell by 2.7% (organically) from the previous year (€7,615 million) to €7,412 million in 2020.

For the full year 2020, the France - Regulated Activities segment posted revenues of €16,228 million, compared with €16,087 million for the previous year. 16,087 million in the previous year, representing organic growth of 0.9%. The upward trend can also be seen in Ebitda, which stood at 5,206 million euros. 5,206 million. This represents an organic increase of 2.1% compared to 2019 ('5,101 million).

For its part, the EDF Renewables segment recorded sales of €1,582 million in 2020. It grew by 7.6% organically compared to 2019 (€1,565 million). The Ebitda of this division was €848 million, an organic drop of 23.0% compared to the previous year (€1,193 million).

At the end of 2020, the Dalkia segment's revenue totalled €4,212 million, compared with €4,281 million in 2019. 4,281 million in 2019. It declined by 9.3% in organic terms over the one-year period. 349 million in the previous year. 349 million in the previous year, representing an organic decline of 17.5%.

3,377 million in the previous year. 3,377 million the previous year. It shows a 3.1% decline (in organic terms) over the year. 534 million in 2020, up 0.8% organically compared to 2019 ('527 million).

The Other businesses segment generated revenue of €2,127 million in 2020, compared with €2,728 million in 2019. This represents an organic decline of 20.8% year-on-year. Ebitda was €261 million, compared to €505 million the year before. 505 million the year before. It fell by 44.8% year-on-year.

 

Group's annual results by geographical area

In the United Kingdom, the EDF Group's business declined in 2020. Sales for the period were €9,041 million, compared with €9,574 million in 2019, a decline of 2.0% (organic). Despite the impact of the health crisis, Ebitda increased by 9.8% year-on-year to €823 million in 2020.

The downward trend in turnover was also evident in Italy. 7,597 million in the previous year. 7,597 million in the previous year, a decline of 21.7% (in organic terms) over the one-year period. Ebitda was 683 million euros. This is an organic increase of 8.4% compared to 2019 (EUR 593 million).

In 2020, the Other International segment saw its turnover fall by 5.1% (in organic terms) to 2,420 million euros. A year earlier, it had reached 2,690 million euros. Here, Ebitda stands at 380 million euros, compared to 339 million euros in 2019. 339 million in 2019. It is therefore an organic increase of 20.9%.

In Belgium, Ebitda rose organically by 18.9% to EUR 247 million. In Brazil, it increased by 16.7% (organic) to EUR 115 million.

 

EDF's dividend and market capitalisation in 2020

EDF's Board of Directors proposed at the General Shareholders' Meeting (held on May 6, 2021) to pay a dividend of €0.21 per share for the 2020 financial year. This corresponds to 45% of the distribution percentage of net current income. It is also accompanied by an option to be paid in new shares.

The dividend payment date was set for 7 June 2021. In addition, EDF has a strong presence on the equity markets. It is listed on the Paris Stock Exchange. In 2020 (as of December), its market capitalisation was estimated at 39.9 billion euros.

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