The company said, however, that it was confident its strategy would allow it to ride out the poor outlook in Europe."In order to prepare for an economic climate that promises to be challenging in Europe for 2013 and 2014, the group has decided to accelerate its transformation, simplify its organization, and reduce its expenses, capex (capital expenditure) and debt," said CEO Gerard Mestrallet.
Europe Dents Profits At Utility GDF Suez
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts