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Voltalia SA — Interim / Quarterly Report 2014
Oct 27, 2014
1759_iss_2014-10-27_ad7b51e5-a950-4599-8554-10e023b11f4a.pdf
Interim / Quarterly Report
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Rise in Q3 revenues Strong growth (+13%) over the first nine months
The Group's revenues increased by 13% over the first 9 months of the year 2014, reaching 14.6 million euros vs. 12.9 million euros over the same period in 2013.
| in million euros | 9M 2014 | 9M 2013 | Var (%) | Q3 2014 | Q3 2013 | Var (%) |
|---|---|---|---|---|---|---|
| Energy sales | 14.0 | 12.1 | +15.1% | 4.7 | 4.5 | +4.2% |
| Revenues from development activities and services |
0.6 | 0.8 | -21.8% | 0.2 | 0.0 | na |
| Consolidated revenues | 14.6 | 12.9 | +12.9% | 4.8 | 4.5 | +8.1% |
Energy sales
As of end of September 2014 energy sales, Voltalia's core business benefiting from long-term visibility, amount to 14 million euros over the first nine months of 2014, which is a 15.1% increase since Q3 2014.
With 42% of energy sales, solar is currently Voltalia's #1 energy source ; then come the wind power (21% of energy sales), biomass (19%) and hydroelectricity (17%).
The 1.8 million euro growth of energy sales over the period is mainly based on solar power plants, thanks to the revenues from the French plants started in 2013 (Montmayon and Le Castellet), and on hydroelectricity, thanks to improvements in the Mana power plant in French Guiana and to better river conditions.
Revenues from wind power plants increase by 9.3% and, for the first time, include revenues from our first Brazilian plant in Areia Branca, where operations were started during the third quarter (see press release dated September 26, 2014). Wind revenues are expected to grow significantly from Q4 2014 onward as Areia Branca's power plants get started progressively.
Revenues from development activities
The remaining balance of revenues (about 4%) from development activities and services comes to 0.6 million euros vs. 0.8 million euros as of end of September 2013. The absence of sale of project development in 2014 was partially offset by new operation/maintenance services in third-party clients' solar plants in Greece initiated in 2014 (see press release dated June 23, 2014).
Detailed revenue breakdown
| in million euros | 9M 2014 | 9M 2013 | Var (%) | Q3 2014 | Q3 2013 | Var (%) |
|---|---|---|---|---|---|---|
| Metro. France | 5.8 | 4.4 | +30.3% | 1.6 | 1.5 | +3.7% |
| French Guiana | 6.2 | 5.5 | +13.1% | 2.3 | 2.0 | +10.6% |
| Greece | 1.9 | 2.2 | -12.6% | 0.8 | 0.9 | -15.5% |
| Brazil | 0.1 | 0.0 | na | 0.1 | 0.0 | na |
| Total energy sales | 14.0 | 12.1 | +15.1% | 4.7 | 4.5 | +4.2% |
| Revenues from development activities | 0.6 | 0.8 | -21.8% | 0.2 | 0.0 | na |
| Total consolidated revenues | 14.6 | 12.9 | +12.9% | 4.8 | 4.5 | +8.1% |
| in million euros | 9M 2014 | 9M 2013 | Var (%) | Q3 2014 | Q3 2013 | Var (%) |
|---|---|---|---|---|---|---|
| Solar | 5.9 | 5.0 | +17.0% | 2.3 | 2.3 | +1.9% |
| Wind | 3.0 | 2.7 | +9.3% | 0.6 | 0.6 | na |
| Hydro | 2.4 | 1.5 | +55.5% | 0.8 | 0.7 | +27.3% |
| Biomass | 2.7 | 2.8 | -4.7% | 0.9 | 0.9 | -1.8% |
| Total energy sales | 14.0 | 12.1 | +15.1% | 4.7 | 4.5 | +4.2% |
| Revenues from development activities | 0.6 | 0.8 | -21.8% | 0.2 | 0.0 | na |
| Total consolidated revenues | 14.6 | 12.9 | +12.9% | 4.8 | 4.5 | +8.1% |
Figures mentioned in this press release are interim, non-audited data.
About Voltalia (www.voltalia.com)
- Electricity producer based on renewable energy, Voltalia develops and operates multi-energy projects: wind, solar, hydraulic and biomass.
- Voltalia is present in Metropolitan France, in Brazil, in Greece and in French Guiana.
- In 2013 Voltalia generated revenues of 18.6 million euros.
- Voltalia is listed on Euronext Paris since 2014 (VLTSA).
Press contact: Kablé Communication Finance
Marie-Hélène Veillon – Tel: +33 1 44 50 54 70 – e-mail: [email protected]