The annual revenue exceeds 100 million euros
Despite globally less favorable wind conditions, THEOLIA's consolidated annual revenue exceeds 101 million euros in 2014, an increase of + 5% compared to 2013.
WIND ACTIVITIES
Non-wind activity (1)
Consolidated total
(in thousand euros)
Sales of electricity for own account
Operation
Development, construction, sale
FY 2014
86,769
5,833
8,017
506
101,126
FY 2013 restated (2)
86,163
6,244
2,353
1,107
95,867
Change
+ 1%
- 7%
+ 241%
- 54%
+ 5%
Excluding Environment activities.
Restated in compliance with the new IFRSs 10 and 11 enforceable as at January 1, 2014 retrospectively.
The revenue from the Sales of electricity for own account activity reached 86.8 million euros in 2014, an increase of + 1% compared to 2013. The positive effect related to the consolidation of Breeze Two Energy over 12 months in 2014, as opposed to 11 months in 2013, offsets globally less favorable wind conditions and the disposal of an operating wind farm in August 2014. THEOLIA's main activity therefore kept its balance and ensured a recurring revenue for the Group.
The Sales of electricity for own account activity, which relies on 15- to 20-year electricity buy-back contracts, benefits from a recurring revenue and significant margins over the long term. This secure activity accounts for 86% of the 2014 consolidated revenue.
As at December 31, 2014, THEOLIA held 301 MW and Breeze Two Energy 337 MW, which brings the installed capacity held and controlled to 638 MW, compared to 644 MW as at December 31, 2013.
Generating wind power in 4 countries with different wind resources enables the Group to reduce the impact of unfavorable wind conditions in one country over a given period.
The revenue from the Operation activity amounted to 5.8 million euros in 2014, slightly decreasing compared to 2013. As at December 31, 2014, capacities managed for third parties reached 556 MW, compared to 579 MW as at December 31, 2013.
The revenue for the Development, construction, sale activity reached 8.0 million euros in 2014, compared to 2.4 million euros in 2013. During the third quarter of 2014, THEOLIA sold a 6 MW operating wind farm in Germany.
The Non-wind activity registered a revenue of 0.5 million euros in 2014, produced by the solar park in Germany over 5 months of activity before its disposal, which occurred on May 30, 2014.
About THEOLIA
THEOLIA is an independent 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 1,194 MW for its own account and for third parties.
CONTACT
Elodie Fiorini
Communications & Investor Relations
Tel: +33 (0)4 42 906 596
elodie.fiorini@theolia.com
THEOLIA
French Société anonyme (public limited company with Board of Directors) with a share capital of €18,527,914.30
Registered office: 75 rue Denis Papin – BP 80199 - 13795 Aix-en-Provence Cedex 3 - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment C of NYSE Euronext Paris, code: TEO
APPENDIX
WIND ACTIVITIES
Non-wind activity (1)
Consolidated total
(in thousand euros)
Sales of electricity for own account
Operation
Development, construction, sale
First quarter
2014
29,885
1,915
98
129
32,028
2013 (2)
19,647
1,735
825
128
22,336
Change
+ 52%
+ 10%
- 88%
+ 1%
+ 43%
Second quarter
2014
17,937
1,276
74
369
19,656
2013 (2)
20,679
1,458
1,250
421
23,808
Change
- 13%
- 12%
- 94%
- 12%
- 17%
Third quarter
2014
14,008
1,015
7,748
-
22,770
2013 (2)
15,492
990
175
424
17,081
Change
- 10%
+ 2%
+ 4,333%
- 100%
+ 33%
Fourth quarter
2014
24,940
1,627
97
8
26,672
2013 (2)
30,345
2,061
103
133
32,642
Change
- 18%
- 21%
- 5%
- 94%
- 18%
Annual total
2014
86,769
5,833
8,017
506
101,126
2013 (2)
86,163
6,244
2,353
1,107
95,867
Change
+ 1%
- 7%
+ 241%
- 54%
+ 5%
Excluding Environment activities.
Restated in compliance with the new IFRSs 10 and 11 enforceable as at January 1, 2014 retrospectively.
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- Communiqué sur comptes, résultats, chiffres d'affaires
Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-38742-PR-2014-annual-revenue.pdf
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