In This Article:
Voltalia’s consensus as of February 19, 2025
Voltalia (Euronext Paris, code ISIN: FR0011995588), an international player in renewable energies, publishes the equity analysts’ consensus, as of February 19, 2025.
| in millions of euros | 20241 | 20252 | 2025 | 2025 | 2025 |
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| Turnover | 540 | 564 | 630 | 509 | 554 |
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| of which Energy Sales | 343 | 409 | 435 | 395 | 404 |
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| of which Services | 440 | 351 | 452 | 221 | 381 |
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| eliminations | -243 | -192 | -107 | -245 | -222 |
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| EBITDA | 216 | 244 | 253 | 237 | 244 |
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| of which Energy Sales | 205 | 249 | 268 | 237 | 241 |
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| of which Services and Corporate costs | 11 | -4 | 16 | -25 | -3 |
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| Depreciations, amort., prov. and others | -132 | -134 | -123 | -145 | -133 |
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| EBIT | 81 | 115 | 125 | 105 | 114 |
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| Financial result | -87 | -97 | -94 | -103 | -96 |
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| Taxes | -10 | -14 | -4 | -25 | -15 |
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| Net income | -15 | 4 | 8 | -8 | 7 |
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| Minority Interests | 0 | 0 | 2 | -2 | -1 |
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| Net income (group share) | -14 | 4 | 8 | -7 | 7 |
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| Capex | 596 | 593 | 700 | 550 | 560 |
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| Free Cash-Flow | -371 | -464 | -383 | -555 | -462 |
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| Gross debt | 2,238 | 2,525 | 2,664 | 2,281 | 2,630 |
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| Cash and equivalents | 333 | 249 | 364 | 88 | 296 |
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| Net debt | 1,897 | 2,284 | 2,369 | 2,193 | 2,266 |
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| Capacity in operation and in construction (in MW) | 3,271 | 3,637 | 3,702 | 3,573 | 3,637 |
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| ow in operation (in MW) | 2,516 | 3,056 | 3,112 | 3,000 | 3,055 |
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| ow in construction (in MW) | 744 | 617 | 701 | 533 | 617 |
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Precisions regarding the consensus:
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Regarding the 2024 financial results, equity analysts' estimates take into account the ongoing business review and the cessation of the Equipment Procurement3 activity in certain geographies. This non-recurrent impact, with no effect on EBITDA, is estimated by equity analysts at around 15 million euros.
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Regarding the 2025 financial results, equity analysts' estimates take into account the following assumptions:
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Curtailment of the Brazilian annual production of around 10% (21% in 2024)4;
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A prudent EUR/BRL exchange rate (note that the closing exchange rate as of December 31, 2024 was 6.40);
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The commissioning of the large power plants currently under construction in the last quarter of 2025, (in South Africa and Uzbekistan).
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For information, this consensus does not take into account the impact of the SPRING4 transformation plan, of which the conclusions will be presented by the end of the first half of 2025.
Note: The consensus is established by Voltalia on the basis of the estimates of equity analysts covering the company as of February 19, 2025. These estimates reflect the opinions of analysts only and do not constitute a forecast or projection by Voltalia or its management. By publishing this consensus, Voltalia does not validate or endorse these information, conclusions or the recommendations derived from it.