Earnings Release • May 13, 2009
Earnings Release
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| Q1 2009 January-March |
Q1 2008 January-March |
FY 2008 January-December 2008 |
|
|---|---|---|---|
| Thermal Wind |
49.6 1.7 |
60.9 1.3 |
278.2 4.2 |
| Photovoltaic | |||
| - Operation | 1.4 | 0.6 | 5.9 |
| - Panel sales | 1.8 | - | 14.6 |
| Holding | 0.4 | 0.4 | 1.6 |
| Total | 54.9 | 63.2 | 304.5 |
Sales for the first quarter 2009 totalled €54.9 million, down 13.1 % compared to the first quarter 2008.
This decrease was primarily due to non-recurring items, which should have a limited impact on the Group's profitability:
In addition, the strong decline in energy-related raw material prices had a negative impact on sales due to the indexing mechanisms.
These negative factors were partially offset by a sound operating performance:
Wind: increase in the total operating capacity;
Photovoltaic: increase due to the commissioning of new units and the sale of solar panels.
1 The Group's consolidated sales include SÉCHILIENNE SIDEC sales as well as the sales of its fully or proportionally consolidated subsidiaries in Reunion Island and Mayotte, Guadeloupe, Martinique, Spain and Mainland France. They do not include sales generated by equity accounted subsidiaries in Mauritius.
The Group continued to implement its development plan:
The Group's combined installed and under construction capacity increased by 3.5 MW, from 20.5 MW at December 31st, 2008 to 24 MW at the end of the first quarter (11 MW of which were in operation).
In addition, the Group continued to increase its portfolio of building permits granted and in process, which amounted to 108 MW, an increase of 18 MW.
SECHILIENNE-SIDEC (ISIN: FR0000060402 – SECH) is an alternative energy producer, 43.10 % owned by Financière Helios. The Group builds and operates thermal, wind and solar power plants in Europe, the Indian Ocean and the Caribbean with a total operating capacity of 582 Megawatts at March, 31st 2009.
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Investor Relations Press Relations
Séchilienne-Sidec +33 (0)1 44 94 82 22
Citigate Dewe Rogerson Agnès Villeret +33 (0)1 53 32 78 95 [email protected] Citigate Dewe Rogerson Servane Taslé +33 (0)1 53 32 78 94 [email protected]
Please visit our website for more information: www.sechilienne-sidec.com
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