Voltalia : 9M 2024 sales beat expectations, 2024 guidance confirmed and an improvement in Brazil
>Neutral rating and target price of € 11.40 maintained - 9M 2024 sales came in ahead of our expectations (€ 380.1m vs € 339.6m). In detail, energy sales were slightly higher than we expected (€ 266.5m vs € 251.6m expected). The main variance stemmed, as usual, from services with construction development operations (€ 94.1m net of intragroup sales vs € 70m est.). Energy sales were driven by expanding installed capacity (+20.9% vs 9M 2023), partly offset by lacklustre ...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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