Sales amounted to €69,031 million in 2020, a decrease of € 2,316 million (-3.2%). Excluding the effect of movements in exchange rates (-€ 338 million) and changes in the scope of consolidation (+€ 417 million), sales registered an organic decrease of 3.4%. The impacts of the Covid-19 pandemic had an unfavourable effect on Group sales estimated at -€ 2,306 million.
(in millions of euros) | 2020 | 2019 | Variation | Variation (%) | Organic variation (%) |
|---|---|---|---|---|---|
Sales | Sales 2020 69,031 | Sales 2019 71,347 | Sales Variation (2,316) | Sales Variation ( %)- 3.2 | Sales Organic variation (%) - 3.4 |
* The published figures for 2019 have been restated for the impact of the change in the scope of the E&P disposal (see note 1.4.2 to the 2020 consolidated financial statements).
The following table shows a breakdown of sales by segment, excluding
inter-segment eliminations.
(in millions of euros) | 2020 | 2019 (1) | Variation | Variation (%) | Organic variation (%) |
|---|---|---|---|---|---|
| France – Generation and supply(2) | France – Generation and supply (2)2020 28,361 | France – Generation and supply (2)2019 (1) 27,870 | France – Generation and supply (2)Variation 491 | France – Generation and supply (2)Variation (%) + 1,8 | France – Generation and supply (2)Organic variation (%) + 0.7 |
| France – Regulated activities (3) | France – Regulated activities (3)2020 16,228 | France – Regulated activities (3)2019 (1) 16,087 | France – Regulated activities (3)Variation 141 | France – Regulated activities (3)Variation (%) + 0,9 | France – Regulated activities (3)Organic variation (%) + 0.9 |
| EDF Renewables | EDF Renewables 2020 1,582 | EDF Renewables 2019 (1) 1,565 | EDF Renewables Variation 17 | EDF Renewables Variation (%) + 1,1 | EDF Renewables Organic variation (%) + 7.6 |
| Dalkia | Dalkia 2020 4,212 | Dalkia 2019 (1) 4,281 | Dalkia Variation (69) | Dalkia Variation (%) - 1,6 | Dalkia Organic variation (%) - 9.3 |
| Framatome | Framatome 2020 3,295 | Framatome 2019 (1) 3,377 | Framatome Variation (82) | Framatome Variation (%) - 2,4 | Framatome Organic variation (%) - 3.1 |
| United Kingdom | United Kingdom 2020 9,041 | United Kingdom 2019 (1) 9,574 | United Kingdom Variation (533) | United Kingdom Variation (%) - 5,6 | United Kingdom Organic variation (%) - 2.0 |
| Italy | Italy 2020 5,967 | Italy 2019 (1) 7,597 | Italy Variation (1,630) | Italy Variation (%) - 21,5 | Italy Organic variation (%) - 21.7 |
| Other international | Other international 2020 2,420 | Other international 2019 (1) 2,690 | Other international Variation (270) | Other international Variation (%) - 10,0 | Other international Organic variation (%) - 5.1 |
| Other activities | Other activities 2020 2,127 | Other activities 2019 (1) 2,728 | Other activities Variation (601) | Other activities Variation (%) - 22,0 | Other activities Organic variation (%) - 20.8 |
| Inter-segment eliminations | Inter-segment eliminations 2020 (4,202) | Inter-segment eliminations 2019 (1) (4,422) | Inter-segment eliminations Variation 220 | Inter-segment eliminations Variation (%) - 5,0 | Inter-segment eliminations Organic variation (%) - 4.2 |
GROUP SALES | GROUP SALES 2020 69,031 | GROUP SALES 2019 (1) 71,347 | GROUP SALES Variation (2,316) | GROUP SALES Variation (%) - 3,2 | GROUP SALES Organic variation (%) - 3.4 |
(1) The published figures for 2019 have been restated for the impact of the change in the scope of the E&P disposal (see note 1.4.2 to the 2020 consolidated financial statements).
(2) Generation, supply and optimisation in mainland France, and sales of engineering and consulting services.
(3) Regulated activities comprise distribution in mainland France, which is carried out by Enedis, EDF’s island activities and the activities of Électricité de Strasbourg. In mainland France, distribution network activities are regulated via the network access tariff TURPE (Tarifs d’Utilisation des Réseaux Publics d’Électricité). Enedis is an independent EDF subsidiary as defined in the French Energy Cod
Sales by the France – Generation and supply segment amounted to € 28,361 million, an increase of € 491 million (+1.8%) and an organic increase of € 206 million (+0.7%) from 2019. The impact of the Covid-19 crisis is estimated at -€ 1,083 million.
Energy sales decreased by -€ 708 million despite a positive energy price effect amounting to +€ 1,215 million that could not compensate for the -€ 1,923 million volume effect associated with the substantial decrease in nuclear output.
Downstream market conditions had a positive effect estimated at +€ 487 million on the change in sales. This increase primarily results from the larger tariff adjustment than in 2019 (+€ 256 million), the increase in ESC costs in the bids (+€ 80 million),and the capacity invoiced to final customers (+€ 60 million).
Resales of electricity subject to purchase obligations were down by -€ 97 million, mainly as a result of lower spot market prices in the first half of the year, partly offset by a rise in capacity prices (the effect on EBITDA was neutral because expenses relating to purchase obligations are covered by the CSPE mechanism).
Capacity auction sales had a positive impact, as due to a change in regulations these sales concerned one more delivery year than in 2019 (see section 5.1.4.2.2.1 "France generation and supply").
A number of other factors, including the results of sales subsidiaries, also contributed to the favourable change in sales.
Nuclear output in France came out at 335.4TWh, down by 44.1TWh vs. 2019, of which roughly 33TWh(1) related to the health crisis. The health crisis extended the duration of outages owing to the introduction of health restrictions and called for a complete reorganisation of the outages schedule. In addition, 2020 was marked by the extension of the outages of Flamanville 1 and 2, and of Paluel 2. The two reactors at Fessenheim were shut down definitively in 2020, following the decision of an early closure of the plant by the French government(2).
Gross hydropower generation stood at 44.7TWh(3), up by 12.6% (+5.0TWh) vs.2019. This increase is explained by hydrological conditions that were slightly better than the historical average in 2020, whereas they were much lower than average in2019 (see section 2.4 “Weather conditions: temperatures and rainfall”).
Thermal generation facilities were used to produce 8.8TWh, -1.0TWh less than in 2019.
(1) Figures are estimates. See note 1.4 “Comparability (including the effect of the Covid-19 pandemic)” in the Group’s audited financial statements at 31 December 2020.
(2) Under the terms of the protocol signed between EDF and the State, an amount of € 370m has been received in 2020 as initial payments corresponding to the anticipation of expenditure related to the closure of the plant.
(3) After deduction of pumped-storage hydropower volumes, hydropower production stood at 38.5TWh for 2020 (33.4TWh for 2019).
