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  FUTUREN company press release from 27/03/2018

  27/03/2018 - 07:00

With the commissioning of two new wind farms in late 2016 and early 2017, FUTUREN recorded a consolidated revenue up by + 9% in 2017


  • Sales of electricity revenue up by + 15%
  • Ongoing construction works for a cumulative capacity of 54 MW
(in thousand euros) Sales of electricity Development and
Management of wind farms
Consolidated total
2017 56,911 4,847 61,758
2016 49,422 7,230 56,651
Change + 15% - 33% + 9%


The Sales of electricity activity, FUTUREN's core business, registered a revenue of 56.9 million euros in 2017, up by + 15% compared to 2016. The activity benefited in particular from the commissioning of an 18 MW wind farm in September 2016 and a 13 MW wind farm in January 2017, as well as favorable wind conditions in the fourth quarter of 2017.

The Sales of electricity activity relies on long term electricity buyback contracts (15 to 20 years depending on the country) with guaranteed tariffs. This secure activity accounted for 92% of the consolidated revenue in 2017.

To strengthen this activity, FUTUREN is pursuing the development of its project portfolio in France.

The Group recently concluded a turbine supply agreement to purchase 6 wind turbines for the construction of the Faydunes project, located on the territory of the town of Saint-Affrique, in the Aveyron department. In addition, FUTUREN is pursuing the construction of the Courant-Nachamps wind farm in the Charente-Maritime department and the Demange wind farm in the Meuse department.

These three wind farms under construction represent a cumulative capacity of 54 MW, that will be commissioned in 2018 and 2019.

The Development and Management of wind farms activity registered a revenue of 4.8 million euros in 2017, down compared to 2016, when the Group recorded a non-recurring revenue linked to third-party development services.


Next financial publication: the Group will publish its 2017 annual results on April 6, 2018 before market opening.


About FUTUREN

FUTUREN is a 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 620 MW for its own account and for third parties.

 
CONTACT

Elodie Fiorini
Group Chief Financial Officer
Tel: +33 (0)4 42 906 596
e.fiorini@futuren-group.com


French Société anonyme (public limited company with Board of Directors) with a share capital of €27,713,498.70

Registered office: Cœur Défense - 100, esplanade du Général de Gaulle - 92932 Paris La Défense - France

Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - 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 B of Euronext Paris, symbol: FTRN.