|Consolidated revenue for the first half of 2012 is up by 31% (2012/07/19 07:30 AM)|
· Solid growth in consolidated revenue driven by the Group's main activities
· The Sales of electricity for own account activity, which represents almost 74% of consolidated revenue, is up by 21% over the first half of the year
After a 2012 first quarter up sharply, THEOLIA registered a new growth in revenue over the second quarter of 2012. In all, THEOLIA's consolidated revenue for the first half of 2012 reached 35.8 million euros, an increase of 31% compared to the first half of 2011.
The strategy implemented by THEOLIA since June 2010 favors the Sales of electricity for own account activity which relies on 15- to 20-year contracts of sale of electricity and thus benefits from a predictable and recurring revenue, as well as from significant margins over the long term. For the first half of 2012, this secured activity represented 73.5% of consolidated revenue, and 75.5% if we take into account the non-wind activity which produces solar electricity.
The revenue from the Sales of electricity for own account activity reached 26.3 million euros for the first half of 2012, an increase of +21% compared to the first half of 2011. This strong growth is the result of a positive scope effect and an improvement in production conditions, particularly over the first quarter.
As of June 30, 2012, the Group's installed capacities for own account reached 304 MW, compared to 300 MW as of June 30, 2011. Changes between the two periods include the commissioning, during the second half of 2011, of the second part of the Gargouilles wind farm in France for a capacity of 9.2 MW, compensated by the sale of a cumulative 6.3 MW capacity in Germany as for trading activity.
Producing wind electricity in four countries benefitting from different wind conditions enables the Group to smooth the impact of local seasonality and to compensate for potential fluctuations in wind conditions in one country.
The revenue from the Operation activity amounted to 3.4 million euros for the first half of 2012, an increase by +15% compared to the first half of 2011. The Operation activity mainly benefitted from an improvement in production conditions in Germany.
As of June 30, 2012, capacities managed for third parties reached 599 MW, compared to 586 MW as of June 30, 2011.
The revenue from the Development, construction, sale activity came to 5.3 million euros for the first half of 2012, compared to 1.7 million euros for the first half of 2011. Over the first half of 2012, THEOLIA sold two operating wind farms in Germany for a cumulative capacity of 2.3 MW as for trading activity, and registered construction services for third parties in France.
The Non-wind activity registered revenue of 736 thousand euros for the first half of 2012, produced by the solar park in Germany.
Next financial publication
THEOLIA will publish its 2012 half year results on August 31, 2012 before market.
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 main countries: France, Germany, Italy and Morocco. In total, the Group operates 903 MW for its own account and for third parties.
French Société anonyme (public limited company with Board of Directors) with share capital of €89,629,117.90
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 Euronext Paris, code: TEO