Voltalia crosses the milestone of 500 million euros in turnover in 2022 – 25/01/2023 at 18:28


(AOF) – Voltalia’s 2022 revenues amounted to 502.7 million euros, up 26% (+19% at constant exchange rates). Energy sales and services contributed 49% and 51% of revenues for the year respectively. Its revenues for the fourth quarter of 2022 amounted to 153.1 million euros, up 5% (-2% at constant exchange rates). Energy sales and services contribute respectively 49% and 51% of revenues this quarter.

These annual and quarterly increases concern both the business of renewable electricity producer and that of service provider for third-party customers. Voltalia’s integrated model, which enables it to operate across the entire value chain of renewable projects, continues to be differentiating and promising in 2022. It is combined with a geographical positioning centered on countries where growth potential of the sector is among the highest in the world.

Voltalia recalls that its installed power target in operation and under construction of 2.6 GW, which it planned to reach at the end of 2023, was reached at the end of 2022, a year ahead of schedule.

The group confirms its EBITDA target, which should reach the range of 275 to 300 million euros in 2023. It confirms its 2027 targets.

Last October, Voltalia defined a new growth plan for 2027, incorporating the following objectives: capacity in operation and under construction owned above 5 GW; capacity operated on behalf of third parties greater than 8 GW; Normative EBITDA of around €475 million; and CO2-equivalent avoided: more than 4 million tonnes.

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The World Energy Markets Observatory highlights a wide disparity in retail energy prices in Europe. Suffering from both the effect of the rise in wholesale prices and high volatility in selling prices to end consumers, the profitability of players is under pressure. While the sixteen largest European energy suppliers benefited last year from a significant increase in their turnover (+47% compared to 2020), their gross operating margin (Ebitda margin) , deteriorated from 20.2% to 19.6%. Those who had to resort to purchasing electricity on the market had to pay these additional volumes much more expensive than the level of sale prices already set and therefore saw their margins deteriorate.

Faced with the lower availability of its nuclear fleet, EDF, renationalised, should post an annual loss of 29 billion euros in 2022. Engie is doing better because it succeeded in reducing its imports of Russian gas in the first half while benefiting from high electricity prices and its increased exposure to renewable sources.



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