The national electricity generator EDF has reported one of the worst years in French corporate history, losing €18 billion and seeing debt rise to an unprecedented €65 billion in 2022. The impact of the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled entity.
Although EDF's revenue grew by 70 percent to over €144 billion – driven by the rise in energy prices – the group went into the red with a net loss of almost €18 billion, compared to a profit of €5 billion in 2021.
