Voltalia : Q1 2019 revenue slightly short, but nice surprise on 2020 guidance
>Buy recommendation and TP of € 15.8 maintained - Q1 2019 revenue came in a little below our expectations, but as expected includes the end of contract suspensions in Brazil. Much less favourable wind conditions also help explain the “apparent†decline in revenue. But the tightening of the 2020 EBITDA guidance at the upper end of the range (€ 160m-180m, vs € 140m-180m) illustrates the group’s know-how in project management and the accretion of project IRRs through ear...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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