Sales are the total amount of EDF‘s products and services sales. They are mostly composed of energy, transport and distribution services sales, in France and abroad.
The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is equal to the balance of sales and cash operating charges (buys, personnel expenses, taxes). This indicator measures the company's ability to be self-financing.
Consolidated sales rose by 10.7%, with organic growth of +4.3% at €39,747 million.
Sales growth was principally driven by changes in the scope of consolidation, essentially relating to the takeover of Edison in late May 2012 (+€2,494 million) and organic growth of +€1,527 million (+4.3%).
Consolidated EBITDA for first-half 2013 amounted to €9,698 million, up by +6.9% from first-half 2012, corresponding to organic growth of +6.0%. This rise incorporates scope effects of +€130 million, principally concerning Edison.
|In millions of euros||H1 2012(1)||H1 2013||Change||Change|
|Organic growth in %(2)|
|Net income - Group share|| 2,779 ||2,877 ||+98||+3.5|
|Net income excluding non-recurring items||2,956 || 3,068 ||+112||+3.8|
1. Data restated for the impact of IAS 19 revised and change in presentation of EDF Energies Nouvelles' DSSA activities (Development and Sale of Structured Assets)
2. Organic growth at constant scope and exchange rates
|Net financial debt (In €Bn)||39.2||33.7 |
|Net financial debt / EBITDA ratio||2.4x||2.0x|
3. Pro forma after allocation of the CSPE deficit to dedicated assets on 13 February 2013 and subtraction of €2.4bn from dedicated assets portfolio, enabling 100% coverage of the EDF nuclear liabilities.
Group sales amounted to €39,747 million in H1 2013, up by +10.7% (+4.3% on an organic basis) compared with H1 2012.
The Group's EBITDA totaled €9,698 million in H1 2013, up by +6.9% (+6.0% on an organic basis) compared with H1 2012.
EDF net income was €2,877 million in H1 2013, up by +3.5% in comparison with H1 2012.
Net cash flow from operations increased to €7,910 million in H1 2013 from its H1 2012 level of € 6,586 million (+€1,324 million, or +20.1%).
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