GDF SUEZ adjusts its range for 2015 net recurring income Group share
The impact from the outage of these two plants on the net recurring income Group share is estimated at approximately EUR 40 million per month on average.
The Group adjusts accordingly its range for 2015 net recurring income Group share by EUR 0.1 billion, corresponding to two additional winter months of outage, with a range between EUR 2.75 and 3.05 billion , assuming average weather conditions in France. This target is based on estimated EBITDA and current operating income respectively between EUR 11.45 and 12.05 billion and EUR 6.55 and 7.15 billion.
In addition, the Group confirms:
- a net debt/EBITDA ratio less than or equal to 2.5x and an “A” category rating;
- a 2015 dividend with a 65-75% pay-out , with a minimum of 1 euro per share, payable in cash. The Board of Directors has decided upon the principle of an interim dividend of EUR 0.50 per share for financial year 2015 that will be paid on October 15, 2015.