FUTUREN recorded a slight decline in revenue in the first half of 2017

(in thousand euros)
Sales of electricity
Development and

management of wind farms
Consolidated total


First half of 2017
27,289
2,558
29,847


First half of 2016
28,078
3,197
31,275


Change
- 3%
- 20%
- 5%

The Sales of electricity activity generated a revenue of 27.3 million euros in the first half of 2017, down 3% compared to the first half of 2016. The positive effect of recent wind farms' commissioning in France was offset by a decrease in production due to less favorable wind conditions than in the first half of 2016, particularly in France.

The Sales of electricity activity relies on long term electricity buyback contracts (15 to 20 years depending on the country) with guaranteed tariffs. This secure activity accounted for 91% of the consolidated revenue in the first half of 2017.

The Development and management of wind farms activity registered a revenue of 2.6 million euros in the first half of 2017, down from the first half of 2016 as the Group recorded third-party development services in the first half of 2016.

About FUTUREN

FUTUREN is a producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 732 MW for its own account and for third parties.

 

CONTACT

Elodie Fiorini

General Secretary
Tel: +33 (0)4 42 906 596

[email protected]

French Société anonyme (public limited company with Board of Directors) with a share capital of €27,607,635.60

Registered office: 6 rue Christophe Colomb - 75008 Paris - France

Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France

Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com

The stock is listed on the compartment B of Euronext Paris, symbol: FTRN.

Source: Actusnews