PARIS (Reuters) – Voltalia jumped on the Paris Stock Exchange on Tuesday morning, after 2023 results above expectations.
At 07:47 GMT, the stock gained 5.49%, leading the SBF 120 which increased at the same time by 0.34%.
The renewable energy service provider published an annual Ebitda of 241 million euros on Tuesday, compared to a consensus of 238 million according to analysts at Midcap Partners.
The group’s net profit became positive in 2023, at 29.6 million, compared to a loss of 7.2 million the previous year.
Voltalia has also set targets for 2024, betting on an installed and under construction capacity of 3.3 GW and an Ebitda of 255 million euros this year, in line with the consensus.
The group reiterated its 2027 objectives of an Ebitda of 475 million and capacities greater than 5 GW.
“The 2023 results illustrate the quality of management execution and the relevance of the group’s integrated model,” estimate Midcap Partners analysts in a note.
The broker, who reiterates his “buy” recommendation, also underlines that the 2027 objectives “are based on largely secure capacity development”.
(Written by Corentin Chappron, edited by Blandine Hénault)
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