Voltalia: Q2-2018 sales sharply penalized by adverse EUR/BRL, as expected (
Voltalia: (BUY, Fair Value EUR12,5 (+27%))Q2-2018 sales sharply penalized by adverse EUR/BRL, as expected
Voltalia unveiled yesterday Q2-2018 revenues down 4% yoy but up 8% at constant FX with the company having been sharply penalized by adverse EUR/BRL variations, as expected. Energy sales are still strongly up yoy with less favourable wind conditions having been somewhat offset by the company’s contracts’ suspension strategy enabling it to benefit from attractive prices. 2018 remains a transition year for the company with the group’s installed capacity expected to increase slightly vs. a stronger growth pace still expected for 2019 & 2020. Full H1-2018 results will be unveiled on September 26th.
Voltalia. Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.
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