Sustained growth in revenues and EBITDA.
Net debt down by EUR 2.9 billion1.
Revenues: EUR 25.5 billion (+6.9%)
EBITDA : EUR 5.5 billion (+6.1%)
Net debt: EUR 39.9 billion (-EUR 2.9 billion1)
Revenues in the first quarter of 2011 are up by nearly +7% thanks to strong international growth, to integration of International Power as of February 1, 2011 and to sharp rise in environment activities, despite weather conditions that were less favorable than in the first quarter of 2010.
EBITDA for the period reaches EUR 5.5 billion, for a gross increase of +6.1% in comparison with March 31, 2010. Based on average weather conditions2, organic growth comes at +4.3%. The increase in EBITDA reflects the contribution of International Power as of February 2011, commissioning of facilities in all of the Group's businesses, including Montoir and Combigolfe power plants in France, Flevo in the Netherlands, Heron II in Greece, France Fos Cavaou and Chile Mejillones LNG terminals, and the Gj