Engie Third-Quarter Earnings Rise on Grid Revenue
French utility Engie reported a 35.7 percent rise in nine-month earnings, beating market expectations on higher revenue from grid networks. The company also raised its full-year guidance range.
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ENGIE reported a 35.7% rise in third-quarter earnings on Thursday, beating expectations on higher grid revenue. The French utility posted €7 billion ($7.9 billion) in EBIT, excluding nuclear activities, for the first nine months in France. The strong performance prompted the company to raise its full-year guidance range to between €9.2 billion and €10.2 billion.
