GO
Loading...

Enter multiple symbols separated by commas

EDF 2006 Revenue Rose 15% On Higher Power Prices

French state-owned power giant Electricite de France on Wednesday reported a 15% rise in full-year revenue in 2006, due to higher electricity prices throughout Europe.

Revenue rose to 58.93 billion euros ($76.74 billion) last year from 51.05 billion euros ($66.48 billion) in 2005, the company said.

The revenue posted by EDF, which will report full 2006 earnings on Feb. 21, beat the 58.4 billion euros ($76.1 billion) forecast by analysts in a Dow Jones Newswires poll.

Revenue in EDF's core French market rose 6.4% to 31.93 billion euros ($41.58 billion), the company said, while revenue in the rest of Europe jumped 37% to 24.88 billion euros ($32.4 billion).

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Jessica Alba

    The actress' company got burned after consumers came out in droves, saying the company's sunscreen doesn't provide much sun protection at all.

  • David Einhorn, founder of Greenlight Capital.

    David Einhorn struggled in July, with his flagship Greenlight Capital LP fund dropping 6.1 percent, according to a source.

  • What a robotic sniper might look like.

    A global arms race of robotic killing machines is inevitable if countries pursue autonomous weaponry, experts said.

U.S. Video