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France's Voltalia reaches all-time high revenues in 2018

Molinons wind farm, located in Yonne.

January 29 (Renewables Now) - Voltalia SA (EPA:VLTSA) last week unveiled it has achieved all-time high revenues in 2018 and confirmed its short-term forecast for "a materially higher profitability" in the second half of the year compared with the first six months.

The French renewable power plants operator ended the year with 524 MW of installed capacity, which is 3% more than at end-2017. Its wind, solar, hydro and biomass facilities have produced 2,081 GWh of electricity in 2018, down 2% on the year.

The company’s consolidated revenues inched up to EUR 180.6 million (USD 206.7m) from EUR 180 million a year back. At constant exchange rate it achieved a 14% year-on-year rise.

“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,” commented CEO Sebastien Clerc.

The table below gives more details about the company’s top line in the fourth quarter and full 2018.

In EUR million Q4 2018 Q4 2017 Change Change at constant currency 2018 2017 Change Change at constant currency
Consolidated revenues 51.5 53.4 -4% +7% 180.6 180 0 +14%
- Energy sales 35.2 44.6 -21% -12% 131.6 145.6 -10% +5%
- Services 53.8 25.2 x2.1 x2.2 117.8 59.2 x2.0 x2.1
Production (in GWh) 619 642 -4% -4% 2,081 2,123 -2% -2%

(EUR 1.0 = USD 1.144)

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