La Française de l'Energie : Earnings slightly below forecasts, impacted by GRTgaz
>2024 earnings slightly below forecasts, impacted by the lasting unavailability of the GRTgaz network - FDE yesterday evening published its full-year results (year to end-June 2024). The sales already reported in July were adjusted to € 31.5m vs € 34.2m due to the equity-accounting of the Greenstat asset in Bosnia according to the IFRS 10 standard which was initially fully consolidated. This adjustment of -€ 2.7m at the sales level has no impact on EBITDA, which came ...La Francaise de l'Energie is engaged in the operation of the French energy sector, with gas assets in northern and eastern France, specifically coal bed methane. Co. aims to substitute a portion of the gas imported into France with coal bed methane, which it produces, due to its low carbon footprint and production cost. Co.'s operations are mainly located in two areas: Lorraine, located in eastern France close to the Franco-German border, and in Nord-Pas-de-Calais, in the Hauts-de-France region located at the Franco-Belgian border. Co. operates in two operating segments: Lorraine which includes the exploration and certification of gas reserves and Avion which includes gas production.
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