|Revenue for the first quarter of 2011 (2011/05/10 6:30 PM)|
Revenue for the first quarter of 2011
The Group's consolidated revenue for the first three months of 2011 amounted to 13.9 million euros, compared to 21.2 million euros for the first three months of 2010.
(1) Excluding Environment activities.
The revenue from the activity Sale of electricity for own account was 11.2 million euros for the first quarter of 2011, compared to 13 million euros for the first quarter of 2010, in line with the reduction of installed capacity for own account over these two periods. As of March 31, 2011, the installed capacity for own account amounted to 291 MW versus 319 MW as of March 31, 2010. The decrease is mainly due to the sale, in May 2010, of a 55.5 MW wind farm in Germany.
The revenue from the activity Development, construction, sale amounted to 796 thousand euros for the first three months of 2011, down 88%. In fact, the Group did not sell any wind farms during the first quarter of 2011, while 4.5 MW had been sold in the first quarter of 2010.
The revenue from the activity Operation amounted to 1.6 million euros, up 23% compared to the first three months of 2010. This increase is mainly due to the increase in capacity managed for third parties which went from 463 MW as of March 31, 2010 to 586 MW as of March 31, 2011.
The Non-wind activity registered revenue of 244 thousand euros for the first three months of 2011, produced by the solar park in Germany.
In the context of the its “trading” activity of installed wind farms in Germany, the Group has commissioned three wind farms for a cumulative capacity of 8 MW during the first quarter of 2011.
In France, the construction works on the Gargouilles project continue with the erection of the turbines on site. The wind farm will be commissioned by the end of 2011.
THEOLIA will convene its shareholders for a General Meeting on June 17, 2011.
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