Utility EDF's core earnings fall 6.7 percent, confirms 2018 outlook

PARIS (Reuters) - French utility EDF said its core 2016 earnings declined by 6.7 percent as nuclear production fell, although the company confirmed its outlook for positive cash flow in 2018. The state-owned group's 2016 revenues fell 5.1 percent to 71.20 billion euros, while core earnings before interest, tax, depreciation and amortisation (EBITDA) also fell to 16.41 billion. Net income was up 140 percent to 2.85 billion due to lower impairment losses in 2016, and thanks to the positive effect