France · Delayed Price · Currency is EUR Voltalia Earnings Call Transcripts
Fiscal Year 2025
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2025 was a pivotal year, with strong service growth and operational expansion but a net loss due to curtailment and transformation costs. The SPRING plan is streamlining operations, targeting EBITDA of EUR 210–230 million and a positive net result in 2026, with dividends expected from 2028.
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Revenue and capacity grew, but profitability remains under pressure due to curtailment and market complexity. The new 'Spring' plan targets refocusing on core geographies, streamlining operations, and self-financed growth, with positive net results and dividends expected from 2026 and 2028, respectively.
Fiscal Year 2024
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Achieved 3.3 GW in operation/construction and 20% energy sales growth, but posted a EUR 21 million net loss due to curtailment and equipment supply decline. SPRING transformation aims to boost efficiency and returns, with 2025 guidance targeting 3.6 GW capacity and 10% higher energy output.
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Power generation, turnover, and EBITDA all saw double-digit growth in H1 2024, supported by a robust project pipeline and strong financial management. However, Brazilian grid curtailment could reduce full-year EBITDA by up to €40 million if unresolved, though medium-term growth targets remain on track.