Engie raises 2023 earnings guidance on strong GEMS performance, ET EnergyWorld

French energy company Engie on Friday raised its full year guidance for recurring net income and operating profit, pointing to a strong performance in its GEMS unit in April and May.

For 2023, the energy group now projects a net recurring income group share (NRIgs) in the range of 4.7-5.3 billion euros, against a previous outlook for it to be in the upper range of 3.4-4.0 billion.

Engie also said it now expects an operating profit (EBIT) excluding its nuclear activities in the range of 8.5 to 9.5 billion euros, up from the top end of 6.6-7.6 billion.

Its other activities are evolving according to expectations, Engie added.

(Reporting by Olivier Sorgho; editing by Jason Neely)

  • Published On Jun 30, 2023 at 12:06 PM IST

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