International Power chuffed with GDF SUEZ synergies

published 8 February 2012

Power generator International Power said its hook-up with French utility company GDF SUEZ Energy delivered synergies well ahead of target in 2011.

Synergies of €135m were delivered in 2011, 50% ahead of the original target, the company said as it announced an 8% increase in underlying earnings before interest, tax, depreciation and amortisation of €4.40bn from €4.01bn the year before. The full year dividend is now expressed in euros and will be 11 cents, versus 2010's payout in sterling of 10.91p.

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