Earnings Release • Nov 4, 2009
Earnings Release
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PRESS RELEASE – Quarterly report
Courbevoie, November 4th, 2009, 5.45 pm
| Euros millions | ||||
|---|---|---|---|---|
| Business sector | Cum. sales at | rd Quarter 3 |
Cum. sales at | rd Quarter 3 |
| Sept. 30th,2009 | 2009 | Sept. 30th,2008 | 2008 | |
| Thermal | 171,5 | 59,6 | 200,0 | 75,6 |
| Wind | 3,8 | 1,0 | 2,8 | 0,9 |
| Photovoltaic | 7,7 | 1,9 | 8,5 | 4,9 |
| Operation | 5,2 | 1,9 | 1,6 | 0,8 |
| Other sales* | 2,5 | 0,0 | 6,9 | 4,1 |
| Holding | 1,3 | 0,5 | 1,1 | 0,4 |
| TOTAL | 184,3 | 63,1 | 212,4 | 81,8 |
*Panels and photovoltaic installations sales
Séchilienne Sidec reports consolidated sales of Euros 63.1 million for the 3rd quarter of 2009. Cumulated consolidated revenues at 30th September 2009 amount to Euros 184.3 million, down 13.2% compared to the same period of 2008.
This decrease was primarily due to the sharp decline in energy feedstock prices, which impacted thermal sales due to the indexation mechanism that links energy selling prices and power plants energy feedstock costs. This impact is even more significant for this 3rd quarter 2009, since the corresponding period in 2008 featured a strong increase of those costs.
The impact of technical incidents and strikes that occurred respectively in CTBR and CTM power stations was partially offset by the strong operational performance of other units in Reunion Island and Martinique.
The rise in turnover generated by electricity sales of the photovoltaic division reflects the growing number of units in operation.
1 The Group's consolidated sales include Séchilienne Sidec SA 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 investments in Mauritius.
• The Group's wind farms (operating capacity of 42.5 MW) faced less favourable wind conditions than the previous year.
Over the third quarter, the Group kept on implementing new financing facilities, bringing the raised funds to Euros 130 million as of September 30th, 2009.
The Group has signed in October Euros 25 million additional project financing contracts (Pierrelatte included).
As of September 30th 2009, the Group has a total installed energy production capacity of 586 MW.
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About Séchilienne-Sidec - ISIN: FR0000060402 – SECH
Founded 25 years ago, Séchilienne-Sidec is an independent energy producer specialised in electricity generation in medium size coal/biomass, photovoltaic and wind power plants. Due to its technical expertise, its project management experience and the quality of its teams of engineers, the Group manages all stages of a power plant's life cycle: design, finance, construction and operation, all over the world and more specifically in complex environments.
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Contacts Investor Relations Press Relations
Séchilienne-Sidec +33 (0)1 41 16 82 00
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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