Nov 18
GDF Suez downturn
The GDF Suez group presented on Thursday its quarterly financial results. In the first nine months of the year, operating income (EBITDA) is logged down by 2.7% to 10.1 billion euros. The group confirmed in a statement likely to increase positive one throughout the year 2009.
Always on the period from January to September, sales reached 57.9 billion euros, down moderately from 1.2% (-2.8% change in organic).
Net debt amounted to 27.8 billion euros at end September 2009, unchanged compared to end June 2009 and down 1.1 billion euros compared to late 2008.
"Group activity in the first nine months of the year confirms the strength of our business model. Despite the downturn that we announced in the third quarter, we confirm our annual targets.In a difficult economic environment, GDF SUEZ continues its industrial development while reducing its debt levels, allowing the group to prompt the return of growth in its major markets, "said G?rard Mestrallet, CEO of GDF Suez in connection with the publication of its results.
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