In the first half, and on a proforma basis, Greenvolt’s total revenues reached EUR 66 million, an increase of EUR 42.4 million, with the national operation contributing EUR 42 million and the UK operation contributing EUR 24 million. In terms of EBITDA, the company grew 66.7% to 26.2 million.
According to João Manso Neto, CEO of Greenvolt: “In a period of troubled market, Greenvolt team achieved a very relevant ambition for the future of the Company: the admission of its shares to listing on the capital market, with a strong adhesion of institutional investors and successfully concluded. Greenvolt is already a benchmark company in renewable energies, clearly differentiating, with operational excellence in the production of renewable electricity through residual biomass – the right biomass, which has contributed to the circular economy and positive externalities in the environment – and exploiting the more profitable opportunities in the solar photovoltaic and wind energy segment, being already a major European in the segment of project promotion and development. We set ambitious goals and are on the right path to achieve them, and with the ambition to exceed them.”
In statutory accounts, the results for the first half of 2021 were impacted by several non-recurring effects, such as transaction costs relating essentially to costs with the acquisition of the Tilbury plant and maintenance shutdowns. Additionally, taking into account that the acquisition of Tilbury took place on June 30, 2021, the consolidated statement of financial position of the companies in the United Kingdom was considered, however, with no impact on the income statement. Finally, it should be noted that the shutdown to replace the turbine of the energy production plant using residual forest biomass in Vila Velha de Ródão, which will only start operating again from September 2021, it is expectable that will strength their availability and their productive capacity.
Hence, total revenues amounted to 42.0 million Euro, which represents a decrease of 9.8%; EBITDA excluding transaction costs related, mainly, to Tilbury acquisitions costs, recorded 13.9 million Euro (- 11%), while EBITDA including these non-recurring costs was 10.6 million Euro (-33%). The net profit for the period was 1 million Euro, which reflects EBITDA evolution.
