Luc Rémont, CEO of the group. CHRISTIAN HARTMANN/REUTERS
DECRYPTION – EDF’s industrial recovery is of paramount importance for France’s security of electricity supply. The technical challenge is up to the challenge.
How do we recover from an industrial accident at 30 billion euros – the drop in nuclear production essentially due to the phenomenon of stress corrosion – while preparing for the “construction site of the century”, the new French nuclear program ? Three months remain for Luc Rémont, CEO of the group since November 23, to write the roadmap which, he hopes, will enable EDF to meet this financial, industrial and institutional challenge.
“2022 leaves us a legacy: it’s debt”, Luc Rémont explained on Friday. The annus horribilis is reflected in a leap of more than 20 billion euros in financial debt, to 64.5 billion. The burden will be possible to bear as long as EDF’s financial rating is not downgraded. In December – «petit miracle» according to a source familiar with the matter – the S&P agency has maintained its BBB rating with a stable outlook. The planned takeover of 100% of the capital by the State, against 84% previously, has helped not to do too much…
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