Voltalia: FY net loss increases

(CercleFinance.com) - Voltalia has reported a net loss (group share) of -7.
2 million euros over the past year, compared with -1.3 million euros in 2021, while EBITDA was flat at 137.4 million euros (-10% at constant exchange rates), penalised by the deconsolidation of power plants that it sold in November 2021.

The renewable energy group's revenues increased 31% to 469 million euros (+24% at constant exchange rates), including energy sales that rose 18% and sales from services which increassed 49% (after elimination of internal service sales).

Voltalia reiterates its 2023 normative EBITDA target range of 275 to 300 million euros, 235 million euros of which is already secured by existing contracts, as well as the targets set last October as part of its new growth plan through to 2027.


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