Voltalia posts higher Q2 revenues, confirms 2024 goals

Renewable power plants operator Voltalia SA (EPA:VLTSA) on Thursday reported improved revenues in the second quarter and first half of 2024 and confirmed its full-year capacity and earnings guidance.

The Paris-based company closed the first six months of the year with revenues of EUR 248.9 million (USD 269.9m), registering a 28% year-on-year increase. The improvement came mainly thanks to the contribution of the company’s energy sales business, where turnover rose by 26% in annual terms to EUR 168.7 million and accounted for 68% of the overall result fuelled by higher power output.

Meanwhile, revenues from third-party clients in the Services division gained 32%, coming at EUR 80.2 million. Service revenue from internal activity contracted by 42% to EUR 121.9 million from a record-high result a year before. When excluding internal operations, revenue from development, construction, and equipment procurement activities rose by 38% to EUR 68 million and revenues from operation and maintenance (O&M) deals were up 7% to EUR 12.1 million.

Looking ahead, Voltalia reiterated its goal for 3.3 GW of capacity in operation and under construction in 2024 and earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 255 million.

At the end of June, the French firm had 3.06 GW of capacity in operation and under construction. Its installed fleet of wind, solar, hydro and biomass energy plants was 2.45 GW, against 1.7 GW a year back.

(EUR 1.0 = USD 1.084)

Choose your newsletter by Renewables Now. Join for free!