ENGIE third Quarter 2023 financial results

By ENGIE - 07 November 2023 - 08:11

In the first nine months of the year, ENGIE continued its strong operating and financial performance. 2023 guidance upgraded.


  • FY 2023 guidance upgraded, with NRIgs1 expected in the range of €5.1-5.7bn. Dividend policy reaffirmed
  • BIT of €8.0bn excluding Nuclear, up 28% organically, driven mainly by GEMS and Renewables
  • Strong growth in CFFO2 driven by improvement in Working Capital Requirements and higher EBITDA
  • Record level of renewable assets under construction at the end of September at 7.6 GW
  • Acceleration in battery storage following the acquisition of Broad Reach Power in the United States
  • Strengthening of biomethane platform in Europe with the acquisition of Ixora Energy in the United Kingdom


1 Net recurring income Group share

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

key figures as of september 30, 2023

Catherine MacGregor, Chief Executive Officer, ENGIE

The excellent momentum of our activities confirms the differentiating advantage of our integrated model for implementing an affordable and desirable energy transition for all.