Communiqués
FUTUREN registers a strong increase in its revenue for the first quarter of 2016 (26/04/2016 07:00)
Strong increase in Sales of electricity The Sales of electricity activity, which relies on 15- to 20-year electricity buyback contracts, benefits from recurring revenue and significant margins over the long term. This secure activity accounts for 91% of the consolidated revenue for the first quarter of 2016. The Development and management of wind farms activity recorded a decrease for the first quarter of 2016 compared to the first quarter of 2015, mainly due to the end of some contracts of wind farm management for third parties in Germany and in France in the end of 2015. In order to optimize the activity of wind farm management for third parties, FUTUREN is gradually ending certain contracts. Further development: 31 MW under construction After 21 MW commissioned at the end of 2015, 31 MW will be commissioned by the end of 2016 and will benefit to the Group partially in 2016 and in full year as from 2017. At the beginning of 2017, FUTUREN will also launch the construction works for another 21 MW project that will be commissioned at the beginning of 2018. In total, the Group's pipeline, including projects that are authorized or under construction, reaches 187 MW that will be commissioned during the next 3 years. Improvement in the financial position FUTUREN published sharply increasing results for 2015. With a revenue of 59.1 million euros, the EBITDA reached 34.5 million euros, i.e a margin on revenue of 58.3%, the operating income reached 13.3 million euros, i.e a margin on revenue of 22.5% and the net income reached 3.4 million euros, that is a margin on revenue of 5.7%. 2015 is the first year for which FUTUREN registered a positive net income. On this basis and given the planned commissioning of wind farms, the Group will carry on improving its profitability. The sustained increase in revenue registered in the first quarter of 2016 confirms this growth dynamic and demonstrates the relevance of the strategy implemented. Stock-warrants currently outstanding will end on June 9, 2016. The exercise of all these stock-warrants would lead to a cash inflow of 23.4 million euros for FUTUREN and would allow the Group to speed up its development. Next General Meeting of Shareholders About FUTUREN CONTACT
French Société anonyme (public limited company with Board of Directors) with a share capital of €18,606,276.10
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