Financial results

2010 was marked by a net profit of €121 billion, with turnover up nearly 7.1%. The company is continuing to increase its investments (+10.7%) and develop its skill sets.

A positive net profit

ERDF has returned to profitability with more than €121 billion in net profit in 2010, compared to a loss of €45 billion in 2009.

 

Turnover up

Turnover has increased to €12,187 billion, representing an increase of 7.1% over 2009. The economic upturn and a colder than usual climate helped increase electricity volumes transported to the network.

Furthermore, the transport rate was indexed beginning on August 1 in accordance with the TURPE plan

Investments up

Investments (€2,560 billion) increased by 10.7% over 2009 (+48% compared with 2007). This is due to:

improved service quality,

investments related to the boom in producer connections: 105,000 new connections in 2010,

the modernisation of networks through tests of the Linky communicating meter and the development of automated network transporting.

 

ERDF continued to renew its skills by hiring 1,180 new employees in 2010.