|FUTUREN reports a slightly decreasing revenue and pursues its growth momentum (2017/02/17 08:00 AM)|
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 87% of the consolidated revenue in 2016.
At the end of September 2016, FUTUREN commissioned the Chemin Perré wind farm (18 MW in the Aube department in France), then in January 2017, FUTUREN commissioned Les Monts wind farm (13 MW also in the Aube department). This commissioning of these two wind farms brought to 374 MW the installed capacity operated by FUTUREN for its own account. The Group pursues its growth momentum and will launch, in the coming days, the construction works for another 21 MW project that will be commissioned at the beginning of 2018. In total, the Group's pipeline of authorized projects reaches 168 MW that will be commissioned over the next three years.
The Development and management of wind farms activity registered a revenue of 7.2 million euros in 2016, also impacted by unfavorable wind conditions.
The audit of FUTUREN's 2016 annual accounts is currently in progress.
The final accounts for the year 2016 will be published on March 24, 2017 (after market close).
FUTUREN 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 746 MW for its own account and for third parties.
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.
This publication embed "Actusnews SECURITY MASTER".
- SECURITY MASTER Key: x2tqk5RpY2vIx2udl5hsbJVpbZuXlGmWapKalpRsaJfJmHFgnGtqmsaZZm1omWlq
- Check this key: https://www.security-master-key.com.