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France's EDF lowers 2018 earnings, cash flow guidance

Reuters  |  PARIS 

PARIS (Reuters) - France's EDF on Monday lowered its 2018 earnings and cash flow foreast due to lower expected power consumption, lower availability of some of its nuclear reactors early 2018 and a drop in capacity compensation in Britain.The state-controlled power utility lowered its target for 2018 core earnings before interest, tax, depreciation and amortisation (EBITDA) to between 14.6 and 15.3 billion euros from at least 15.2 billion euros.It also lowered its long-held forcast to be cash-flow positive after dividends in 2018 and said it now aimed for its cash flow to be slightly ...

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First Published: Mon, November 13 2017. 15:42 IST