Financial results
2011 was marked by a net profit of €588 billion, with turnover up nearly 0.6%. The company is continuing to increase its investments (+10.2%) and develop its skill sets.
ERDF has returned to profitability with more than €588 billion in net profit in 2011, compared to a loss of €121 billion in 2010.
Turnover has increased to €12,256 billion, representing an increase of 0.6% over 2010.
Investments (€2,821 billion) increased by 10.2% over 2010 (+63% compared with 2007). This is due to:
improved service quality,
investments related to the boom in connections.
ERDF continued to renew its skills by hiring 1,716 new employees in 2011.
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