ENGIE FY 2022 Financial results

By Engie - 21 February 2023 - 07:44

Significant progress on execution of strategic plan

Strong financial and operational performance

Proposal to pay a dividend of €1.40 per share for 2022

Business highlights

Financial performance

  • Leading role played by ENGIE to support security of supply in Europe
  • Continued contribution to public policy measures through Working Capital support, extraordinary taxes and dedicated customer actions
  • Major progress on simplification with €11.0bn disposals signed or closed
  • €5.5bn growth Capex, primarily in Renewables, Networks and Energy Solutions
  • Acceleration in Renewables with +3.9 GW of capacity added in 2022, taking total installed capacity to c. 38 GW
  • Further progress on coal exit, coal represents 2.6% of centralised generation capacity




  • 2022 guidance achieved with continuing NRIgs of €5.2bn
  • EBIT of €9.0bn, up 43% organically, with growth across most activities. Key contribution from GEMS and Thermal in unprecedented market conditions as well as from new capacity additions for Renewables
  • Impact of windfall profit taxes of €0.9bn in 2022, mainly in Belgium and Italy, in addition to existing Government profit sharing mechanisms in Belgium and France (nuclear and hydro) of €1.1bn
  • Strong balance sheet and high liquidity with improvement in credit ratios
  • Improved Cash Flow From Operations1, despite Working Capital headwinds due to energy prices
  • Net financial debt at €24.1bn, down €1.3bn.
  • 2022 proposed dividend of €1.40 per share


1 Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses

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