Voltalia SA: Solid Q4 2018 rounds out a strong year
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Voltalia SA
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announces today its revenues for Q4 2018 and the 2018 fiscal year. "As anticipated, a catch-up in the second half has enabled us to achieve all-time high revenues in 2018. Last year's performance demonstrated the double advantage of being active in non-subsidized markets, with pricing optimization of our wind farms in Brazil, and in the Services business, including for third-party clients. These two pillars of Voltalia's strategy have been instrumental in increasing 2018 revenues and enable to confirm our outlook for a materially improved profitability", comments Sébastien Clerc, Chief Executive Officer of Voltalia.
Q4 and FY 2018 revenues
Other key data
Business review Energy sales Q4 2018 revenues totalled 35.2 million, down by 12% at constant exchange rates compared with the record levels reached in Q4 2017.
FY 2018 revenues increased by 5% at constant exchange rates, as high pricing over the year more than offset a 2% decline in production. Services Q4 2018 revenues from Services grew sharply to EUR53.8 million, up 2.2 times at constant exchange rates compared with Q4 2017.
Services activities have gained traction throughout the year of 2018, exceeding EUR100 million of revenues. Strong activity of Services for the Group's own assets translated into higher eliminations, parallel to the growing contribution of sales of Services to third-party clients, up by 42% compared with FY 2017. Confirmed short-term outlook The positive trends for revenues announced in the H1 results communication on September 26 have materialized, with revenues up by 42% in H2 compared with H1. Voltalia confirms its short-term outlook of a materially higher profitability in H2 2018 compared with H1. Q4 developments In Q4 2018 Voltalia maintained a strong commercial momentum:
The Group also started the construction of three projects:
Recent developments
Next on the agenda: FY 2018 results on March 18, 2019 About Voltalia (www.voltalia.com)
APPENDIX Report on electricity production
*includes the production of Oiapoque solar
*4 MW of solar and 12 MW thermal
[1] Quarterly figures calculated by difference between FY and 9M [2] 2018 revenues calculated at 2017 exchange rates [3] Eliminations: services provided by the Services business for Group-owned power plants are eliminated upon financial consolidation [4] In S2 2017, Voltalia had a total of 252 MW benefiting either from contract suspensions (60 MW at Areia Branca and 93 MW at Vamcruz) or anticipated commissioning (99 MW at Vila Para), to be compared with 159 MW over most of the year 2018 (60 MW at Areia Branca and 99 MW at Vila Para). [5] see press release dated September 11, 2018 Regulatory filing PDF file Document title: PDF-VENG Document: http://n.eqs.com/c/fncls.ssp?u=ISTQBGGSJH |
Language: | English |
Company: | Voltalia SA |
84 boulevard de Sébastopol | |
75003 Paris | |
France | |
E-mail: | [email protected] |
Internet: | www.voltalia.com |
ISIN: | FR0011995588 |
Euronext Ticker: | VLTSA |
AMF Category: | Information on annual revenues |
End of Announcement | EQS News Service |
768987 23-Jan-2019 CET/CEST
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