engie sa on tuesday posted rising revenue for 2022 and set its dividend for the year although net profit declined on impairment and credit losses and provisions the french utility company reported net profit of 216 million euros 2308 million from eur366 billion the previous year net recurring income which strips out oneoffs came in at eur52 billion up from eur29 billion the previous year narrowly beating consensus expectations of eur51 billion earnings before interest tax depreciation and amortization increased to eur1371 billion from eur1056 billion the year earlier beating consensus expectations of eur1362 billion while revenue was up more than 62 organically reaching eur9387 billion in the year the company said that the decrease in net profit was mainly linked to the marktomarket on commodity contracts other than trading instruments impairment losses the nord stream 2 credit loss and the provision increase for the backend nuclear fuel of belgian nuclear power plants earnings before interest and taxes came in at eur905 billion up from eur615 billion the year prior and narrowly beating consensus expectations of eur897 billion the growth in ebit was fueled by contributions from the global energy management and sales business the thermal business and from new capacity additions from renewables engie said windfall profit taxes affected profits by eur09 billion in 2022 mainly in belgium and italy on top of existing government profitsharing mechanisms in belgium and france that totaled eur11 billion engie said it will propose a dividend of eur140 a share for 2022 at the annual general meeting scheduled for april 26 for the current year the company targets earnings before interest and taxes excluding nuclear of eur66 billion to eur76 billion and net recurring income of between eur34 billion and 4 billion