2024 First Quarter Results: an excellent start

By ENGIE - 17 May 2024 - 07:40

In a context of lower prices and volatility, ENGIE has made an excellent start to 2024 and confirm a strong operational and financial performance.

2024 guidance is confirmed.


Business highlights

  • Accelerated normalization of energy market 
  • High pace of growth in Renewables, with 7 GW of capacity under construction at end-March 2024
  • Start of commercial operations at Coya in Chile, the largest battery storage unit in Latin America
  • Threshold of 1 TWh reached in annual biomethane production capacity in Europe, notably through the latest acquisitions in the United Kingdom and the Netherlands
  • Legislation adopted for the law on Belgian nuclear agreement
ENGIE Q1 2024 financial Information

”ENGIE has made an excellent start to 2024 with EBIT excluding nuclear of €3.7bn, almost at the previous year’s level despite the market context of lower prices and volatility. 
This robust performance reflects, once again, the strength of our integrated model as well as our capacity to adapt to a rapidly-moving market environment. 
The energy transition is well and truly underway, and ENGIE is determined to contribute to it every day, convinced that it can be affordable and desirable.”

Catherine MacGregor, CEO