Electricite de France returned to profit last year after a record loss in 2022 as the state-owned company benefited from rebounding nuclear output and higher power prices.
The company said it recorded a 2023 net profit of €10bn ($10.7bn), compared to a loss of €17.9bn in 2022.
EBITDA (earnings before interest, taxes, depreciation, and amortisation) was €39.9bn, up from a loss of €4.9bn. Net debt at the end of 2023 was €54.4bn.
The group booked a €7.9bn impairment charge after tax related to its UK operations, including the long-delayed Hinkley Point C nuclear station, Britain’s first new nuclear facility in more than two decades.