Voltalia : 2023 results in line and 2024 EBITDA guidance under IFRS
>Neutral rating maintained but target price adjusted to € 7.70 vs € 9.90 - Following the publication of 2023 results that came in broadly in line with our expectations and ahead of the analysts’ meeting this morning at 8.30am, we adjusted our 2024-2026 earnings sequence with no impact on our EPS estimates at this stage. We maintain our Neutral rating but adjust our target price to € 7.70 vs € 9.90, still based on the average between a DCF (€ 6.8 with a WACC at 7.30%)...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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