Free Subscription to CFO Magazine

On the Record

You are here: Home : Topics A-Z : On the Record

EDF EN's Philippe Crouzat

An interview with the renewable energy group's CFO.

November 4, 2008

"We have predictable cash flow and no risk of a margin squeeze." These days, few finance chiefs are as confident as Philippe Crouzat, CFO of EDF Energies Nouvelles (EDF EN). The renewable energy group, part-owned by the eponymous French utility, enjoys large government subsidies for its products and gets raw materials — namely sunlight and wind — free. In the first six months of this year, it reported a rise in sales of more than 150%, with operating income up nearly 60%. In September, the company raised €500m in an oversubscribed rights issue, one of the few such capital raisings not launched under duress amid the credit crunch. The funds will be used to expand its solar business, contributing to plans for increasing gross installed capacity to 4,000 megawatts in 2012 from 1,700 megawatts today. Read more...

Follow this topic

More On the Record Articles

  • Standard Chartered's Richard Meddings

    The bank’s CFO discusses slowing growth in emerging markets and avoiding subprime fallout. November 3, 2008

  • Tenneco's Kenneth Trammell

    The CFO has his hands full, with the auto industry in a production slowdown and consumer preferences doing an about-face. November 1, 2008

  • MasterCard's Martina Hund-Mejean

    Though awash in cash, the company is determined to avoid complacency and places an ultra-high priority on forward-looking strategy, the CFO says. October 1, 2008

  • CFOs React: PG&E's Chris Johns

    The finance chief of California's largest utility company spoke with CFO.com Thursday about how it is coping with the turmoil in the capital markets. September 19, 2008

  • Autorité Des Marchés Financiers' Michel Prada

    An exit interview with the outgoing chairman of France's financial market regulator. September 3, 2008

  • International Accounting Standards Board Chairman Sir David Tweedie

    The overseer of a coming accounting revolution opines on U.S. companies' inevitable, eventual shift to IFRS. September 1, 2008

  • The CFO Duality: Mixing Business with Integrity

    Author of a new book, former GE general counsel Ben Heineman dishes out plenty of advice for finance chiefs about doing the right thing without sacrificing their companies' business goals. July 24, 2008

  • Aetna's Joseph Zubretsky

    Heavy investment in technology goes straight to the company's bottom line, the CFO says. Plus: a pitch for national health insurance. July 15, 2008

  • Accounting for the World

    In an exclusive interview with CFO.com, the chairmen of the International Accounting Standards Board and its parent organization explain their "huge ambition." July 10, 2008

Print Edition

Tenneco's Kenneth Trammell

The CFO has his hands full, with the auto industry in a production slowdown and consumer preferences doing an about-face.

advertisement

advertisement