AI assistant
Voltalia SA — Earnings Release 2015
Apr 30, 2015
1759_iss_2015-04-30_412eee2b-90ef-4368-8796-1e9c29c845b5.pdf
Earnings Release
Open in viewerOpens in your device viewer
Q1 revenues multiplied by 2.9 Full effect of new wind farms in France and Brazil
Renewable energy based electricity producer Voltalia (Euronext Paris) reports a sharp energy sales growth in Q1 2015, with revenues multiplied by 2.8 thanks to revenues generated by new plants in Brazil and in France.
Voltalia recorded 12.8 million euro consolidated revenues in Q1 2015 vs. 4.5 million euros in Q1 2014.
| In million euros | Q1 2015 | Q1 2014 | Var |
|---|---|---|---|
| Energy sales | 12.6 | 4.5 | x 2.8 |
| Revenues from development activities and O&M services | 0.2 | 0.0 | na |
| Consolidated revenues | 12.8 | 4.5 | x 2.9 |
Energy sales
In the first quarter of 2015, energy sales reached 12.6 million euros vs. 4.5 million euros in Q1 2014.
The 8.1 million euro energy sales increase registered in the quarter was driven by 7.1 million euro revenues from Areia Branca's wind farms in Brazil over the period.
Overall, the energy sales increase over the last quarter includes the following items:
- Revenues from long-term PPAs (power purchase agreement) at Carcara 1 in Areia Branca (Brazil), which started in 2015 ;
- Revenues from 12-month private sales contracts at Carcara 2 and Terral wind farms (Areia Branca, Brazil) until long-term PPAs kick in early 2016 (see press release dated February 5, 2014);
- First electricity sales from Molinons and Adriers wind farms, commissioned late 2014 (1.4 million euros in revenues in Q1 2015).
Revenues from development activities and O&M services
In 2014, Voltalia launched a new activity of O&M services resulting in the signing of a contract with a Chinese operator in June 2014, which generated revenues in the second half of 2014.
In Q1 2015, Voltalia recorded revenues of 0.2 million euros for this activity (which did not exist in Q1 2014).
Revenue breakdown
- By geography
| In million euros | Q1 2015 | Q1 2014 | Var |
|---|---|---|---|
| Metropolitan France | 3.4 | 2.1 | +59.6% |
| French Guiana | 1.7 | 1.8 | -4.1% |
| Greece | 0.4 | 0.5 | -23.0% |
| Brazil | 7.1 | 0.0 | na |
| Total energy sales | 12.6 | 4.5 | x 2.8 |
| Revenues from development activities and O&M services | 0.2 | - | na |
| Consolidated revenues | 12.8 | 4.5 | x 2.9 |
- By energy source
| In million euros | Q1 2015 | Q1 2014 | Var |
|---|---|---|---|
| Solar | 1.5 | 1.5 | -5.0% |
| Wind | 9.7 | 1.4 | x7.1 |
| Hydraulic | 0.5 | 0.7 | -26.6% |
| Biomass | 0.9 | 0.8 | +6.0% |
| Total energy sales | 12.6 | 4.5 | x 2.8 |
| Revenues from development activities and O&M services | 0.2 | - | na |
| Consolidated revenues | 12.8 | 4.5 | x 2.9 |
The figures in this press release are unaudited.
Next on the agenda: Combined Ordinary and Extraordinary General Meeting of shareholders at 2pm on June 11, 2015 in the auditorium in Jones Day's offices, 2, rue Saint-Florentin, 75001 Paris.
About Voltalia (www.voltalia.com)
- Electricity producer renewable energy, Voltalia develops, owns and operates power plants representing a total installed capacity of 163 MW in four energy segments: wind, solar, hydro and biomass.
- Doing business in France, Brazil, Greece and French Guiana, Voltalia draws on the power generation know-how and international expertise of a team of 102 employees.
• Voltalia is listed on Euronext Paris since July 2014 (FR0011995588 – VLTSA).
| Press contact – Actifin | Investor relations – Voltalia |
|---|---|
| Alexandre Commerot | Marie de Lauzon |
| Tel: +33 1 56 88 11 18 | Tel: +33 1 44 63 14 40 |
| E-mail: [email protected] | E-mail: [email protected] |