Update: FY14 results beat guidance
Albioma’s FY14 results exceeded guidance and excluding one-off items and gains on business disposals showed year-on-year growth in EBITDA and net profit. We believe there is significant scope for expansion in its core markets and Albioma continues to expect strong growth over the longer term based on implementation of its investment programme (€1bn).Albioma is an independent energy producer that develops projects in the thermal biomass, solar power, and anaerobic digestion sectors. Co. provides industrial partners with expertise in energy production via hybrid combustion of biomass. In addition, Co. produces biogas by biological decomposition of organic matter in a confined oxygen-free medium, which it either converts into electricity and heat or purifies and then injects into the gas transmission network. It operates facilities on Reunion Island, Mayotte, Guadeloupe, Martinique, and French Guyana, mainland France and Southern Europe. Co. divides its operation into three segments: Thermal Biomass, Solar Power, and Anaerobic Digestion.
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