Cyrrus (Cyrrus)
World markets  |  December 06, 2012 13:15:21

GDF Suez announced financial targets for next year GDF Suez announced new financial targets for the coming years. In the next year expected to generate adjusted net profit of EUR 3.1 to 3.5 billion, which is less than the market currently expects (3.6 billion). Similar gains expected in 2014. The company originally cílovala 5 billion profit in 2015, now did not repeat such a projection. The company plans to sell assets and reduce capital spending in the next two years by 20%. According to the head of the company is the European energy sector "in crisis", which we consider to be the strongest statement yet some of the chief European utilities. GDF Suez shares commenced trading today a large drop (-13%).We consider the negative not only for the company itself, but for the European energy sector. It is a further confirmation that the sector is in a very difficult situation. React negatively to the report and other utilities such as E.ON, RWE, CEZ as well.

Marek Hatlapatka

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