- Consolidated revenue increased by + 5%
- Sales of electricity revenue increased by + 8%
- Commissioning of 31 MW planned by the end of 2016
|(in thousand euros)||Sales of electricity||Development and management of wind farms||Consolidated total|
|First half of 2016||28,078||3,197||31,275|
|First half of 2015||26,018||3,779||29,797|
|Change||+ 8%||- 15%||+ 5%|
The Sales of electricity activity, FUTUREN's core business, registered a revenue of 28.1 million euros for the first half of 2016, an increase of + 8%, notably thanks to the commissioning of a 21 MW wind farm in November 2015.
The Sales of electricity activity, which relies on 15- to 20-year electricity buyback contracts, benefits from a recurring revenue and significant margins over the long term. This secure activity accounts for 90% of the consolidated revenue for the first half of 2016.
During the second quarter of 2016, FUTUREN pursued the construction of the Chemin Perré project (18 MW) and Les Monts project (13 MW) in France. These two farms are respectively planned to be commissioned in September and December 2016.
After 21 MW commissioned at the end of 2015, 31 MW will be commissioned by the end of 2016 and will benefit to the Group partially in 2016 and in full year as from 2017. At the beginning of 2017, FUTUREN will also launch the construction works for another 21 MW project that will be commissioned at the beginning of 2018. In total, the Group's pipeline of projects that are authorized or under construction reaches 199 MW that will be commissioned during the next 3 years.
The Development and management of wind farms activity recorded a decrease for the first half of 2016 compared to the first half of 2015, mainly due to the end of some contracts of wind farm management for third parties in Germany and in France in the end of 2015.
Next financial publication
FUTUREN will publish its 2016 half-year results on September 6, 2016 before market.
FUTUREN is an independent producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 714 MW for its own account and for third parties.
Communications & Investor Relations
|Tel: +33 (0)4 42 906 596
French Société anonyme (public limited company with Board of Directors) with a share capital of €22,290,336.60
Registered office: 6 rue Christophe Colomb - 75008 Paris - France
Administrative address: 75 rue Denis Papin - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com
The stock is listed on the compartment C of Euronext Paris, symbol: FTRN.