Bad weather boosts revenues at utility GDF-Suez

Published October 31, 2012 8:25am ET



PARIS (AP) — Franco-Belgian utility GDF Suez reported Wednesday that its revenues were up 8.4 percent this year so far, driven in part by weather conditions in France and a decision there that will allow the company to recoup money lost in a government-mandated freeze on natural gas prices.

The company reaped €70.9 billion ($91.9 billion) in the first nine months of 2012. It didn’t break out figures for the third quarter, but that’s €20.4 billion more in revenue than GDF Suez reported at the half-year mark, and slightly above the average expectation of analysts surveyed by FactSet.

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