Gdf Suez closed the first half of 2011 with a net profit of 2,738 billion euros, 23% less than last year's 3,565 billion, but above analysts' expectations. On the other hand, revenues increased by 7,9% to 45,7 billion. Ebitda also grew by 8,2% to 8,9 billion. Compared to the end of 2010, net borrowing decreased from 42,8 to 40,7 billion.
The chief executive, Gerard Mestrallet, confirmed the goal of an Ebitda of 20 billion euros in 2013 and said that the freeze on gas tariffs in France could cause a loss of earnings of 340 million in the last quarter. Mestrallet also added that he hopes tariffs will increase from October XNUMXst.
A few days ago Gdf Suez announced it was in negotiations with a Chinese sovereign wealth fund to draw an alliance capable of supporting the expansion of the French giant in Asia.
At around 14.45 pm Gdf Suez shares gained 1% in Paris.
