ENGI Engie

By Cecilia Butini and Mauro Orru

Engie SA said Friday that operating income fell for the first nine months of the year fell as it took a one-billion euro ($1.18 billion) hit from the coronavirus pandemic.

The French utility company said nine-month current operating income decreased to 2.75 billion euros ($3.25 billion) from EUR3.82 billion in the first nine months of 2019.

Earnings before interest, taxes, depreciation, and amortization for the period slipped to EUR6.22 billion from EUR7.15 billion.

Revenue fell to EUR39.62 billion from EUR43.30 billion.

Engie said it continues to expect 2020 net recurring income between EUR1.7 billion and EUR1.9 billion and capital expenditure between EUR7.5 billion and EUR8 billion.

Write to Cecilia Butini at cecilia.butini@wsj.com and Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

November 13, 2020 02:21 ET (07:21 GMT)

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