Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Voltalia : On track for GW and the revaluation

>Buy recommendation and target price maintained - FY 2018 results came in well above our forecasts and those of the consensus. They were marked by the anticipated downturn in profitability in H2, the positive impact of the suspension of long-term contracts in Brazil and the concomitant sale on the volumes market corresponding to far higher KWh prices and a devaluation to the Brazilan real, with a positive impact on financial charges and debt. All told, the GW trajecto...
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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