Voltalia SA: Half-Year Results 2022
HALF-YEAR RESULTS 2022
Strong improvement in EBITDA and net result
Capacity target of 2.6 GW to be achieved one year
ahead of schedule, in 2022
Strong increase in half-year results 2022
- Revenues
+42%
- EBITDA +39% and
normalised1 EBITDA +40%
- Seasonal net
loss divided by 5
Ambitions 2023 capacity achieved by 2022
- Voltalia will
reach its 2023 target of 2.6 gigawatts of capacity in operation and
under construction by the end of 2022, one year ahead of
schedule
- Confirmation of
normalised1 EBITDA target of €275-300 million in 2023
Dynamic development with a growing pipeline
- Portfolio of
projects under development: +27% since June 2021, to 13.6
gigawatts
- Since January, 464
megawatts of new long-term electricity sales contracts have been
won, supported in particular by the activity of Helexia, whose
contract portfolio has increased by a factor of x8.2 over the past
36 months
"At a time when the energy crisis is hitting
Europe and the climate crisis is having repercussions all over the
world, Voltalia is providing solutions: accelerating energy
autonomy by supplying electricity to distributors or directly to
companies through the development of renewable power plants owned
by Voltalia and its third-party customers; and improving the energy
efficiency of companies by helping them to reduce their electricity
consumption through the services provided by Helexia. The success
of our solutions allows us to bring forward by one year our
capacity target of 2.6 gigawatts, initially planned for the end of
2023, which will be reached by 2022. With our half-year results and
a pipeline of future projects growing strongly, we have solid
fundamentals to pursue our mission by acting daily to build a more
sustainable world", commented Sébastien Clerc, Voltalia’s CEO.
Voltalia (Euronext Paris ISIN code:
FR0011995588), an international player in renewable
energies, announces
today its consolidated half-year results
for the period ending 30 June
2022.
The limited review of the half-yearly accounts
has been finalised by the statutory auditors. The half-year
accounts were reviewed by Voltalia's Audit Committee and approved
by the Board of Directors at its meeting on September 27, 2022.
Voltalia will comment
on its half-year results for 2022 during a live video webcast
starting at 8:30am Paris time on Wednesday September 28, 2022. Full
login details are available on our website:
https://www.voltalia.com/investor-relations.
KEY FIGURES
In € million |
H1 2022 |
H1 2021 |
Change At current exchange
rates |
ChangeAt constant exchange
rates2 |
Revenues3 |
214.3 |
150.7 |
+42% |
+36% |
Normalised EBITDA |
51.0 |
36.3 |
+40% |
+40% |
EBITDA |
47.4 |
34.1 |
+39% |
+27% |
Net result, Group share |
-4.6 |
-21.4 |
÷4.6 |
÷4.5 |
Strong improvement in revenues, EBITDA
and net results
Revenues for the first half of 2022 amount to
€214.3 million, up +42% compared to the first half of 2021.
Normalised EBITDA, calculated on the basis of an
average annual EUR/BRL exchange rate of 6.3 and a wind, solar and
hydraulic resource corresponding to the long-term average, stands
at €51.0 million, up +40% compared to the first half of 2021.
Consolidated EBITDA is €47.4 million, up
+39%.
The seasonal net loss (Group share) is -€4.6
million, 5 times lower than in the first half of 2021.
Since the IPO in 2014, revenues and EBITDA have
grown by an average of +48% and +49% per year respectively.
BUSINESS REVIEW
Energy Sales: Full
effect of newly commissioned plants
Financial key figures
In € millionBefore eliminations of services
provided internally |
H1 2022 |
H1 2021 |
Change At current exchange
rates |
Change At constant exchange
rates2 |
Revenues4 |
96.1 |
89.7 |
+7% |
-2% |
EBITDA |
53.6 |
49.4 |
+8% |
+0% |
EBITDA margin |
56.0% |
55.1% |
+1pt |
+1pt |
Operational indicators
|
H1 2022 |
H1 2021 |
Change |
Production (in GWh) |
1,309 |
1,623 |
-19% |
Installed capacity and under construction (in MW) |
2,3685 |
1,512 |
+57% |
Wind load factor in Brazil |
30% |
42% |
-12pts |
Wind load factor in France |
22% |
25% |
-3pts |
Solar load factor in France |
19% |
17% |
+2pts |
Solar load factor in Egypt and Jordan |
26% |
30% |
-4pts |
First-half 2022 revenues from Energy Sales
amount to €96.1 million, up +7%, despite a decrease in production
from 1.6 to 1.3 TWh. This decrease is mainly due to the sale in
November 2021 of the VSM2 and VSM4 power plants in Brazil (which
had started producing in the first half of 2021) and to a lower
average level of resources (wind, sunshine and hydraulic flow) in
the first half of 2022, whereas the resource in the first half of
2021 was at its long-term average.
These factors of decrease in volume are
partially offset by factors of increase:
- production benefits
from the full effect of the plants that started contributing during
2021 (mainly VSM3 in Brazil and Laspeyres, Cabanon and Cacao in
France) and the first effects of the plants commissioned in the
first half of 2022 (mainly SSM1-2 in Brazil, Stavria in Greece and
Carrière des Plaines in France); and
- production has
benefited from the very strong momentum of Helexia.
The increase in revenues (+7%) in a context of
lower production (-19%) reflects a strong increase in the average
selling price per MWh (+32%) and is explained by a combination of
several factors:
- the contractual
indexation of sales prices on indices equal or close to the
consumer price index (inflation) at 83% of the revenues
contractually indexed on inflation in 2021;
- the replacement of
projects with low prices per MWh (VSM2 and VSM4, which benefit from
some of the best wind levels in the world) with more tariffed
projects, e.g. Helexia's solar roofs;
- the strengthening of
the Brazilian real: with an average EUR/BRL rate of 5.55 in the
first half of 2022, compared to 6.49 in the first half of 2021,
which contributes to almost a third of the increase in the average
selling price per megawatt hour.
Energy Sales generate EBITDA of €53.6 million in
the first half of 2022, up +8% (stable at constant exchange rates),
representing an EBITDA margin of 56.0%, i.e. +1 point compared to
the first half of 2021.
Detail by country:
- in Brazil, 51% of
Energy Sales, EBITDA was negatively impacted by lower production
due to the divestment in November 2021 of the VSM2 and VSM4 plants
(which had started production in H1 2021) and wind conditions that
were less favourable than a year earlier and well below the
long-term resource average. This loss of volume was almost entirely
offset by a favourable exchange rate effect (strengthening of the
Brazilian currency) and by contractual clauses indexing sales
prices to inflation;
- in France, 26% of
Energy Sales, EBITDA benefits from the production of the solar and
biomass plants commissioned in 2021 (Laspeyres, Cabanon, Cacao and
Helexia portfolio) despite a slight decrease in production due to
lower wind;
- in the other countries
(UK, Belgium, Portugal, Spain, Italy, Greece, Egypt and Jordan),
23% of Energy Sales, EBITDA is significantly higher, benefiting
from the commissioning of the new Stavria solar plant in Greece in
March, and the strong production of Helexia in Spain, Belgium and
Portugal.
Services: strong
revenue and EBITDA
growth
Financial key figures
In € millionBefore eliminations of services
provided internally |
H1 2022 |
H1 2021 |
Change At current exchange
rates |
Change At constant exchange
rates |
Revenues |
166.9 |
95.9 |
+74% |
+71% |
Of which internal revenues |
48.6 |
36.9 |
+32% |
+28% |
Of which external revenues |
118.3 |
59.0 |
x2.0 |
x2.0 |
EBITDA |
7.2 |
-5.1 |
N/A |
N/A |
In the first-half of 2022 revenues from Services
(internal and external) amount to €166.9 million, up +74% (+71% at
constant exchange rates), benefiting in particular from the strong
growth in revenues from the Development, Construction and Equipment
Procurement segments. EBITDA moves into positive territory despite
the weight of development costs linked to the prospecting of new
projects, which remains significant in order to contribute to the
Group's future growth: the pipeline thus increased from 10.7 GW at
the end of June 2021 to 13.6 GW at the end of June 2022, an
increase of +27%.
-
Development, Construction and Equipment
Procurement
Revenues from the Development, Construction and
Equipment Procurement segments amount to €152.0 million in the
first half of 2022, up +90% (+88% at constant exchange rates)
compared to the first half of 2021. EBITDA from this segment
increases by €12.0 million in first half of 2022 to €6.8 million.
Over the period, Development benefits from the sale of projects to
third party customers, including disposals that were shifted from
2021 to 2022 representing an EBITDA of approximately €10 million.
In addition, Construction and Equipment Procurement benefit from
the strong commercial momentum with third party customers. Voltalia
has managed to control its costs, in a general context of inflation
in material costs, thanks to the strength of its integrated model,
which enables it to pool its equipment purchases and to finely
control its expenses.
Revenues of the Operations & Maintenance
segment reach €15 million, up +17% (+12% at constant exchange
rates), benefiting from contracts in Europe and Latin America. The
segment posts an EBITDA of €0.4 million (x4), confirming the
positive profitability achieved in 2021.
OTHER ITEMS OF THE INCOME
STATEMENT
In € million |
H1 2022 |
H1 2021 |
Change At current exchange
rates |
ChangeAt constant exchange
rates |
EBITDA before eliminations and corporate |
60.7 |
44.3 |
+37% |
+27% |
Eliminations and corporate |
-13.3 |
-10.1 |
+31% |
+27% |
EBITDA |
47.4 |
34.1 |
+39% |
+27% |
Depreciation, amortisation, and provisions |
-31.8 |
-34.3 |
-7% |
-13% |
Operating revenue (EBIT) |
15.6 |
-0.2 |
N/A |
N/A |
Financial result |
-13.9 |
-18.1 |
-23% |
-34% |
Taxes and net income of equity affiliates |
-8.4 |
-4.1 |
x2.1 |
x1.9 |
Minority interests |
2.1 |
0.9 |
x2.4 |
x2.1 |
Net result (Group
share) |
-4.6 |
-21.4 |
÷4.6 |
÷4.5 |
EBITDA before eliminations and corporate items
increases by +37% to €60.7 million. Eliminations are up, reflecting
the growth in internal activity. Corporate items are also up, but
at a much lower rate than overall activity. Consolidated EBITDA is
€47.4 million, up +39% compared to 2021. Consolidated EBITDA amount
to €47.4 million, up +39% compared to 2021.
Depreciation, amortisation and provisions amount
to €31.8 million, down -7%. Depreciation is up, due to the plants
commissioned in the first half of 2022 and the full-year effect of
the plants commissioned in 2021, while provisions are down after
significant allocations in the first half of 2021.
At €13.9 million, net financial expenses are
down -23%. Interest earned on deposits in Brazil (notably the
reserve accounts required for project financing), which rose
sharply with the increase in short-term rates, more than offset the
financial charges related to long-term project financing, the
outstanding amounts of which are rising in line with investments on
Voltalia's three continents.
After taking into account minority interests and
taxes, the seasonal net loss (Group share) is divided by almost
5.
SIMPLIFIED CONSOLIDATED BALANCE
SHEET
Voltalia's balance sheet at 30 June 2022 is €2.6
billion, up 23% at current exchange rates and 19% at constant
exchange rates, with the difference coming from the appreciation of
the Brazilian real with a EUR/BRL rate of 6.32 at the end of
December 2021 compared to 5.44 at the end of June 2022.
In € million |
30/06/2022 |
31/12/2021 |
Goodwill |
80 |
78 |
Tangible and intangible fixed assets |
1,846 |
1,510 |
Cash and cash equivalents |
331 |
291 |
Other assets |
334 |
234 |
Total assets |
2,591 |
2,113 |
Equity, Group share |
757 |
672 |
Minorities |
108 |
62 |
Financial debt |
1,398 |
1,050 |
Provisions |
12 |
14 |
Other current and non-current liabilities |
316 |
315 |
Total liabilities |
2,591 |
2,113 |
The increase in the Group's assets is mainly due
to the increase in the portfolio of power plants in operation and
under construction, with fixed assets up by +22% to €1,846
million.
The Group's cash position at the end of June
2022 is €331 million, up +14%.
This level should be compared to total financial
debt of €1,398 million at the end of June 2022, up +33%, reflecting
a gearing6 that remains low, at 55%.
Over the period, operational activity (excluding
investments) generated cash flow of €19 million.
PROJECT PORTFOLIO
UNDER DEVELOPMENT
The portfolio of projects under development, to
be retained or sold with construction and maintenance services, is
growing strongly to 13.6 GW at 30 June 2022, i.e. +27% compared to
30 June 2021.
With the strategy of geographical
diversification promoted by the Group, this portfolio is currently
distributed as follows: 42% in Latin America, 39% in Europe and 19%
in Africa. In terms of technology, solar energy is in the majority,
at 66%, followed by wind energy at 30% and other technologies at
4%.
RECENT DEVELOPMENTS
SINCE JULY 1st
2022
Construction of a 140 MW solar project
in Albania7
Voltalia is launching the construction of the
Karavasta solar power plant, which was awarded a 30-year concession
in 2020. Under the terms of the tender, Karavasta will sell 50% of
the electricity through a 15-year sales contract to the Albanian
public operator, while the remainder of the production will be sold
through long-term contracts to private operators. The plant is
expected to be commissioned in the second half of 2023.
Construction of two UK solar projects
of 90 MW in
total8
After winning the recent CfD AR4 auction in the
UK for two solar projects, Clifton Solar and Higher Stockbridge
Solar, of 45 MW each, Voltalia has launched their construction,
with respective commissioning scheduled for the last quarter of
2023 and the first quarter of 2024.
Construction of 50.6 MW
solar projects in Portugal9
Voltalia has launched the construction of five
projects for a total of 50.6 MW, launching Garrido, its new
Portuguese complex of small solar power plants. The electricity
will be sold through very long-term sales contracts signed with
companies that will consume the electricity (corporate PPA).
Construction of a 23.6 MW wind farm in
France10
The Sud Vannier wind farm is located in the
Haute-Marne region, approximately 25 kilometres south-east of the
town of Langres and 65 kilometres north-east of the town of Dijon.
It has a 20-year sales contract with a guaranteed tariff.
Commissioning is planned for the first half of 2023.
Signature of a CPPA with Leroy Merlin
for the construction of a 30 MW
plant11
Leroy Merlin and Voltalia have signed a CPPA for
the production of an additional solar power plant specifically
built for Leroy Merlin. This agreement will enable Leroy Merlin to
supply approximately 15% of its electricity consumption with
renewable energy. Commissioning is scheduled for 2025.
New 2.9 MW hydroelectric project in
French Guyana12
The French Energy Regulatory Commission (CRE)
has authorised Voltalia to sign a contract with EDF SEI for the
sale of the electricity that will be generated by a run-of-river
hydroelectric power plant located on the Inini River at
Saut-Sonnelle in the commune of Maripa-Soula, French Guiana. The
contract covers a period of at least 30 years from the
commissioning of the plant, scheduled for 2026.
Helexia helps European companies weather
the energy crisis, with a contracted solar portfolio that has grown
from 52 to 427 MW in 36
months13
In a context of energy scarcity and cost
inflation, the offer proposed by Helexia responds perfectly to the
major challenges facing companies today: reduction of the carbon
footprint, reduction of energy bills and access to energy autonomy.
To achieve this, Helexia offers companies a complete range of
services combining energy efficiency and solar energy production on
the client's sites, both on the roof and on their car parks, in
order to transform their constraints into opportunities.
Launch of an additional issue of green
convertible bonds maturing in 2025 for €50
million14
Voltalia SA has launched an additional issue of
green convertible bonds (OCEANEs Vertes) maturing in 2025 for a
nominal amount of approximately €50 million fully assimilated to
the OCEANEs Vertes maturing in 2025 issued in January 2021.
Voltalia has successfully completed its
second employee share plan15
For this second edition, seven countries, i.e.
88% of employees, were eligible: France, Portugal, Brazil, Greece,
Italy, Spain and the United Kingdom. In total, 72% of eligible
employees decided to participate, compared to 69.5% in the first
plan.
2023 AMBITIONS
Voltalia is bringing forward by one year
its target of 2.6 GW of installed
capacity and under construction, initially
planned for 2023
Voltalia announced today that its target of 2.6
GW of installed capacity in operation and under construction, which
it had planned to achieve by the end of 2023, will be reached by
the end of 2022, one year ahead of schedule. To date, Voltalia has
2.4 GW of installed capacity in operation and under construction,
with a further 200 MW to be launched by the end of the year.
Voltalia confirms its EBITDA target
for 2023
Voltalia reiterates its normalised EBITDA16
target of €275-300 million for 2023.
NEW POST-2023 AMBITIONS TO BE ANNOUNCED
SOON
Voltalia will present new post-2023 ambitions at
a meeting following the third quarter revenues announcement, of
which the exact details will be communicated at a later date.
Forward-Looking Statements This press release
contains certain forward-looking statements, which shall not be
considered per se as historical facts, including projections and
estimates and assumptions on which these projections and estimates
are based, statements regarding projects, objectives, intentions
and anticipated results as well as events, operations, future
services or product development and potential or future
performance. In some cases, you can identify forward-looking
statements by words such as “expects,” “anticipates,” “believes,”
“intends,” “estimates,” “plans,” or similar words. Although the
management of Voltalia believes that these forward-looking
statements are reasonably made, they are based largely on the
current expectations of Voltalia as of the date of this press
release and are subject to a number of known and unknown risks,
uncertainties and other factors, a large number of which are
difficult to predict and generally outside the control of Voltalia,
that may cause actual results, performance or achievements to be
materially different from any future results, performance or
achievement expressed or implied by these forward-looking
statements. In particular, the expectations of Voltalia could be
affected by, among other things, uncertainties involved in
Voltalia’s produced electricity selling price, the evolution of the
regulatory context in which Voltalia operates and the
competitiveness of renewable energies or any other risk and
uncertainties that may affect Voltalia’s production sites’ capacity
or profitability of as well as those developed or identified in any
public documents filed by Voltalia with the French financial market
authority (the Autorité des marchés financiers – the “AMF”),
included those listed in section 2.2 “Risk factors” of the 2021
Universal Registration Document filed with the AMF on May 2, 2022
under number D.22-0410. In light of these risks and uncertainties,
there can be no assurance that the forward-looking statements made
in this press release will in fact be realized. These forward
looking statements are given only as of the date of this press
release and Voltalia expressly declines any obligation or
commitment to publish updates or corrections of the forward looking
statements included in this press release in order to reflect any
change affecting the forecasts or events, conditions or
circumstances on which these forward-looking statements are
based.
Installed capacity as of
June 30,
2022
In MW |
Wind |
Solar |
Biomass |
Hydro |
Hybrid17 |
June 30, 2022 |
June 30, 2021 |
Belgium |
|
15.0 |
|
|
|
15.0 |
13.1 |
Brazil |
732.3 |
76.7 |
|
|
12.0 |
821.0 |
936.3 |
Egypt |
|
32.0 |
|
|
|
32.0 |
32.0 |
France |
64.2 |
105.9 |
|
4.5 |
|
174.6 |
153.7 |
French Guiana |
|
17.118 |
6.8 |
5.4 |
|
29.3 |
29.7 |
Greece |
|
16.7 |
|
|
|
16.7 |
4.7 |
Italy |
|
13.7 |
|
|
|
13.7 |
10.8 |
Jordan |
|
57.0 |
|
|
|
57.0 |
57.0 |
Portugal |
|
19.7 |
|
|
|
19.7 |
14.9 |
Spain |
|
7.8 |
|
|
|
7.8 |
5.1 |
United Kingdom |
|
39.319 |
|
|
|
39.3 |
7.3 |
Total |
796.5 |
400.9 |
6.8 |
9.9 |
12.0 |
1,226.1 |
1,264.7 |
Capacity under
construction as of June
30,
2022
Name of the project |
Capacity |
Techno. |
Country |
Canudos 1 |
99.4 |
Wind |
Brazil |
Cafesoca |
7.5 |
Hydro |
Brazil |
SSM 1 & 2 |
247.3 |
Solar |
Brazil |
SSM 3 – 6 |
260.0 |
Solar |
Brazil |
Helexia |
87.0 |
Solar |
Brazil |
Helexia |
2.1 |
Solar |
France |
Helexia |
1.9 |
Solar |
Italy |
Helexia |
0.7 |
Solar |
Portugal |
Helexia |
0.1 |
Solar |
Spain |
Sable Blanc |
5.0 |
Solar |
France |
Montclar |
3.7 |
Solar |
France |
South Farm Solar |
49.9 |
Solar |
United Kingdom |
Karavasta |
140.0 |
Solar |
Albania |
Miscellaneous |
12.0 |
Solar |
Portugal |
Total (in MW) |
916.7 |
|
|
Power production as
of June
30,
2022
In GWh |
Wind |
Solar |
Biomass |
Hydro |
Hybrid20 |
H1
2022 |
H1
2021 |
Brazil |
965.6 |
14.4 |
|
|
20.9 |
1,000.9 |
1,324.5 |
Egypt |
|
39.0 |
|
|
|
39.0 |
39.9 |
Jordan |
|
65.6 |
|
|
|
65.6 |
68.1 |
France |
62.9 |
69.1 |
|
2.4 |
|
134.4 |
133.9 |
French Guiana |
|
2.1 |
17.9 |
1.6 |
|
21.6 |
25.3 |
Greece |
|
9.0 |
|
|
|
9.0 |
3.5 |
United Kingdom |
|
4.7 |
|
|
|
4.7 |
4.2 |
Portugal |
|
13.1 |
|
|
|
13.1 |
8.2 |
Italy |
|
7.7 |
|
|
|
7.7 |
6.3 |
Belgium |
|
7.4 |
|
|
|
7.4 |
5.9 |
Spain |
|
5.2 |
|
|
|
5.2 |
2.8 |
Total |
1,028.5 |
237.2 |
17.9 |
4.0 |
20.9 |
1,308.5 |
1,622.5 |
Consolidated income statement
(unaudited)
In € thousand |
At 30 June
2022 |
At 30 June
2021 |
Revenues |
214,251 |
150,651 |
|
|
|
Turnover |
198,117 |
149,517 |
Purchases and sub-contracting |
(83,888) |
(51,134) |
Other operating expenses |
(57,768) |
(44,838) |
Payroll expenses |
(25,257) |
(23,300) |
Other operating income and expenses |
16,229 |
3,898 |
EBITDA |
47,433 |
34,143 |
Depreciation, amortisation, provisions and write-offs |
(31,797) |
(33,033) |
Current operating profit |
15,636 |
1,110 |
Other non-current income and expenses |
(42) |
(1 297) |
Operating revenue (EBIT) |
15,594 |
(187) |
Net cost of financial debt |
(28,646) |
(20,865) |
Other financial income and expenses |
14,746 |
2,806 |
Income tax and similar taxes |
(8,258) |
(4,051) |
Share of results of companies accounted for using the equity
method |
(188) |
(7) |
Net profit |
(6,752) |
(22,304) |
Non-controlling interests |
(2,124) |
(880) |
Group Share |
(4,628) |
(21,424) |
Consolidated balance sheet
(unaudited)
In € thousand |
At 30 June
2022 |
At 31 December 2021 |
Goodwill |
78,123 |
77,767 |
Right of use |
44,219 |
43,332 |
Intangible assets in progress |
257,480 |
210,691 |
Property, plant and equipment |
1,546,436 |
1,255,870 |
Equity affiliates |
2,469 |
2,765 |
Financial assets |
16,074 |
16,646 |
Deferred tax assets |
1,705 |
1,521 |
Other non-current assets |
- |
- |
Non-current assets |
1,946,506 |
1,608,592 |
Inventories, work in progress and advances to suppliers |
87,604 |
63,038 |
Due from customers |
38,962 |
22,799 |
Trade receivables |
84,797 |
72,156 |
Financial assets |
42,745 |
10,793 |
Other current assets |
59,624 |
44,178 |
Cash and net cash equivalents |
331,047 |
291,404 |
Current assets |
644,779 |
504,368 |
Total Assets |
2,591,285 |
2,112,960 |
Equity, Group share |
756,929 |
671,796 |
Non-controlling interests |
107,842 |
62,404 |
Equity |
864,771 |
734,200 |
Non-current provisions |
7,727 |
8,521 |
Provisions for post-employment benefits |
1,005 |
1,490 |
Deferred tax liabilities |
19,400 |
16,648 |
Long-term borrowings |
992,399 |
882,632 |
Financial liabilities |
16,430 |
14,770 |
Other non-current liabilities |
33 |
39 |
Non-current liabilities |
1,036,994 |
924,100 |
Current provision |
4,772 |
5,223 |
Short-term borrowings |
405,281 |
167,400 |
Due to customers |
6,717 |
5,792 |
Trade payables and other payables |
220,912 |
231,731 |
Financial liabilities |
7,540 |
15,391 |
Other current liabilities |
44,298 |
29,123 |
Current liabilities |
689,520 |
454,660 |
Total Liabilities |
2,591,285 |
2,112,960 |
Next on the agenda: Third quarter
revenues, on October 19, 2022 (after
market close)
About Voltalia
(www.voltalia.com) |
Voltalia is an international player in the renewable energy sector.
The Group produces and sells electricity generated from wind,
solar, hydraulic, biomass and storage facilities that it owns and
operates. Voltalia has generating capacity in operation and under
construction of 2.4 GW and a portfolio of projects under
development representing total capacity of 13.6 GW.
Voltalia is also a service provider and supports its investor
clients in renewable energy projects during all phases, from design
to operation and maintenance. As a pioneer in the corporate market,
Voltalia provides a global offer to private companies, ranging from
the supply of green electricity and energy efficiency services to
the local production of their own electricity. With more than 1,450
employees in 20 countries on 4 continents, Voltalia has the
capacity to act globally for its customers Voltalia is listed on
the regulated market of Euronext Paris, compartment B (FR0011995588
– VLTSA) and is part of the Enternext Tech 40 and CAC Mid &
Small indices. The Group is also included in the Gaïa-Index, an
index for socially responsible midcaps. |
VoltaliaInvestor Relations: invest@voltalia.comT. +33 (0)1 81 70 37
00 |
ActifinPress Contact: Jennifer Julliajjullia@actifin.fr
. T. +33 (0)1 56 88 11 11 |
1 “Normalised” means calculated with an average
annual EUR/BRL exchange rate of 6.3 and a long-term average wind,
solar and hydraulic resource2 Calculated on the basis of an average
EUR/BRL exchange rate of 5.55 in H1 2022 compared to 6.49 in H1
20213 Revenues are net: it includes income related to capital gains
generated on the sale of assets and not the total value including
the value of the asset sold4 Since the first quarter of 2022, the
financial reporting on Helexia is split between Energy Sales and
Services, in line with the rest of the company. Until the
announcement of the 2021 results, Helexia was fully included in
Energy Sales. The figures presented for the first half of 2021 in
this release have been updated accordingly5 Installed capacity and
under construction at the date of publication on 28 September6 Net
financial debt / (equity including minorities + net financial
debt)7 Announced in press release dated July 1, 20228 Announced in
press release dated September 8, 20229 Announced in press releases
dated September 22, 202210 Announced in press release dated July
27, 202211 Announced in press release dated September 26, 202212
Announced in press release dated August 31, 202213 Announced in
press release dated August 23, 202214 Announced in press release
dated July 26, 202215 Announced in press release dated July 11,
202216 “Normalised” means calculated with an average annual EUR/BRL
exchange rate of 6.3 and a long-term average wind, solar and
hydraulic resource17 4 MW of solar and 12 MW thermal18 Including
the Toco storage complex19 Including the Hallen storage complex20
Including solar production from Oiapoque
- Voltalia H1 2022 results_ENG
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