Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Voltalia : Brazilian samba on volumes

>Neutral rating maintained but target price adjusted to € 11.40 vs € 12.40 - The group announced that H2 2024 will be impacted by curtaiments measures in its main market, Brazil, given the mismatch between renewable production and the capacity of high voltage electricity transport lines. The group expects an impact of -€ 40m on EBITDA, with the possible risk of the same scenario in H1 25, depending on the capacity to bring on stream new transmission lines. We are usin...
Underlying
Voltalia

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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