Engie has recorded an 85% increase in turnover since the start of the year – the former GDF Suez, which is one of the rare companies in the CAC 40 headed by a woman, Catherine MacGregor. Engie is benefiting from a very favorable economic climate with soaring gas prices, but the group explains its good results by its good management of risks, stocks, deliveries in a tense and very competitive market at the moment because of the war. in Ukraine.
Engie has diversified its supplies in recent months: Russia, which accounted for 20% of its orders, now only represents a very small part,“insignificant” Catherine MacGregor said. Engie is mainly supplied by Norway, the United States and Algeria. Given the context, its good results should continue in the weeks to come. Engie hopes to reach five billion euros in profits by the end of the year.
Its employees should take advantage of it. The group, in which the French State still holds 24% of the capital, will pay an exceptional bonus of 1 500 euros to its 100 000 employees worldwide. Knowing that its employees who depend on the energy industries branch will also have a 5% increase this year and that within the company, Engie is currently negotiating remuneration.
Engie customers will also benefit from the good results. Engie has undertaken to help its most modest customers, those who receive the government’s energy check, and to add 100 euros. Those checks are actually being paid right now. Nearly 900 000 Engie customers should therefore benefit from this extension.
For the rest, the group ensures that it will invest part of its profits in renewable energies. It must be said that it must find other sources of income because its large customers, mainly companies, have already reduced their gas consumption by 20 or 30% this last quarter. To limit costs, many manufacturers have reduced production and slowed down factories. If Engie welcomes it, because it’s good for the planet, it obviously questions its business model.