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Falck Renewables SpA (AA4.MI)

AA4.MI on Milan Stock Exchange

5.41EUR
14 Aug 2020
Change (% chg)

€-0.03 (-0.55%)
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€5.43
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454,592
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803,799
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€6.30
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Latest Key Developments (Source: Significant Developments)

Falck Renewables H1 Net Profit Down At EUR 21.3 Mln
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Falck Renewables SpA ::H1 REVENUE EUR 195.3 MILLION VERSUS EUR 185.4 MILLION YEAR AGO.H1 NET PROFIT EUR 21.3 MILLION VERSUS EUR 26.3 MILLION YEAR AGO.ISSUES NEW GUIDANCE 2020.SEES 2020 EBITDA BETWEEN EUR 194 MILLION AND EUR 198 MILLION.SEES 2020 NET PROFIT BEWEEN EUR 34 MILLION AND EUR 36 MILLION.SEES 2020 NET FINANCIAL POSITION (INCLUDING THE FAIR VALUE OF DERIVATIVES) DOWN AT EUR 740 MILLION.COVID-19 NEGATIVE EFFECTS REMAIN DIFFICULT TO QUANTIFY INSOFAR.  Full Article

Falck Renewables Q1 Pre-Tax Profit Up At EUR 39.0 Mln
Wednesday, 13 May 2020 

May 13 (Reuters) - Falck Renewables SpA ::Q1 REVENUE EUR 121.0 MILLION VERSUS EUR 105.9 MILLION YEAR AGO.Q1 PRE-TAX PROFIT EUR 39.0 MILLION VERSUS EUR 34.7 MILLION YEAR AGO.IN Q1 INDUSTRIAL OUTPUT AND GROUP'S RESULTS WERE NOT AFFECTED BY COVID-19.GUIDANCE PLANNED FOR 2020 UPDATED.GUIDANCE 2020, EXPECTS EBITDA BETWEEN EURO 196 AND 202 MILLION.GUIDANCE 2020, EXPECTS GROUP NET EARNINGS BETWEEN EURO 40 AND 42 MILLION.RESERVES RIGHT TO UPDATE OUTLOOK IN 2020 IF COVID-19 GENERATES MATERIAL IMPACTS.  Full Article

Falck Renewables Cancels Shareholders' Meetings, Confirms Dividend Proposal
Monday, 23 Mar 2020 

March 23 (Reuters) - Falck Renewables ::CANCELS SHAREHOLDERS' MEETINGS ON APRIL 23 AND 24.NEW SHAREHOLDERS' MEETING TO TAKE PLACE ON MAY 7 AND 8.CONFIRMS IT PROPOSES DIVIDEND OF EUROCENTS 6.7 PER SHARE.  Full Article

Falck Renewables Issues 2020-2025 Business Plan
Thursday, 12 Mar 2020 

March 12 (Reuters) - Falck Renewables SpA ::ISSUES 2020-2025 BUSINESS PLAN.TARGETS DOUBLING OF INSTALLED CAPACITY COMPARED TO 2019 WITH 2.3 GW TO 2025.TARGETS IN 2025 EBITDA AND GROUP NET PROFIT UP 40% AND 65% RESPECTIVELY.TARGETS IN 2025 CONSOLIDATED MW OF APPROXIMATELY 2,300, WITH MORE THAN 100% GROWTH ON 2019.TARGETS IN 2025 GROUP EBITDA AT ABOUT EUR 280 MILLION, +40% ON 2019.TARGETS TOTAL CAPEX OF AROUND EUR 1.25 BILLION IN 2020-2025.TARGETS TO 2025 NET PROFIT ATTRIBUTABLE TO OWNERS OF PARENT OF ABOUT EUR 80 MILLION: +65% ON 2019.TARGETS NET FINANCIAL DEBT OF ABOUT EUR 1 BILLION IN 2025.GROUP CONSOLIDATED NFP/EBITDA RATIO AT 3.7X IN 2025.CONFIRMS DIVIDEND DISTRIBUTION UNTIL 2025 AND PAY-OUT RATE OF 30% OF GROUP'S ANNUAL NET PROFIT FROM 2022 ONWARDS.  Full Article

Falck Renewables FY Net Profit Up At EUR 48.4 Mln
Thursday, 12 Mar 2020 

March 12 (Reuters) - Falck Renewables SpA ::FY REVENUE EUR 374.5 MILLION VERSUS EUR 335.9 MILLION YEAR AGO.PROPOSES DIVIDEND FOR 0.6 EUR PER SHARE.FY NET PROFIT EUR 48.4 MILLION VERSUS EUR 43.7 MILLION YEAR AGO.FY EBITDA EUR 204.0 MILLION VERSUS EUR 191.5 MILLION YEAR AGO.SEES 2020 CONSOLIDATED EBITDA BETWEEN EUR 196 MILLION AND EUR 206 MILLION.SEES 2020 CONSOLIDATED NET PROFIT BETWEEN EUR 40 MILLION AND EUR 44 MILLION.EXPECTS INSTALLED MW TO EXCEED 1,250 MW AT END 2020.SEES IN 2020 CONSOLIDATED NET FINANCIAL POSITION (INCLUDING FAIR VALUE OF DERIVATIVES) IS EXPECTED BETWEEN EUR 775 MILLION AND EUR 785 MILLION.RESERVES RIGHT TO UPDATE FUTURE EVOLUTION OF OPERATIONS AND GUIDANCE, SHOULD CORONAVIRUS CRISIS GENERATE MATERIAL IMPACTS ON ECONOMIC AND FINANCIAL INDICATORS.  Full Article

Falck Renewables Signs Power Purchase Agreement For Wind Farm In Norway
Thursday, 30 Jan 2020 

Jan 30 (Reuters) - Falck Renewables SpA ::SIGNS POWER PURCHASE AGREEMENT (PPA) FOR SALE OF 70% OF ELECTRICITY PRODUCED BY ITS WIND FARM IN HENNØY (NORWAY).AGREEMENT HAS DURATION OF 10 YEARS.  Full Article

Falck Renewables And Eni To Develop Renewable Projects In U.S.
Friday, 20 Dec 2019 

Dec 20 (Reuters) - Falck Renewables SpA ::SIGNS STRATEGIC AGREEMENT WITH ENI FOR JOINT DEVELOPMENT OF NEW RENEWABLE PROJECTS IN UNITED STATES.DEAL INVOLVES CREATION OF VENTURE OWNED 50% BY ENI NEW ENERGY US INC. AND 50% BY FALCK RENEWABLES NORTH AMERICA INC. FOR DEVELOPMENT, CONSTRUCTION AND FINANCING OF NEW SOLAR PHOTOVOLTAICS, WIND ONSHORE AND ENERGY STORAGE PROJECT.VENTURE WILL BE DEDICATED TO DEVELOP AT LEAST 1 GW IN PROJECTS BY END OF 2023.UNDER TERMS OF DEAL, FALCK RENEWABLES NORTH AMERICA WILL SELL ENI NEW ENERGY US 49% OF ITS OWNERSHIP INTERESTS IN PLANTS CURRENTLY IN OPERATION IN THE US.TOTAL VALUE PAID BY ENI WILL BE APPROX 70 MILLION USD AT CLOSING TO BE ADJUSTED IN LINE WITH MARKET PRACTICE.CLOSING IS SUBJECT TO CERTAIN CONDITIONS AND IS EXPECTED BY Q1 2020.  Full Article

Falck Renewables Buys 70% Of Solar Project In Sicily From Canadian Solar Group
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Falck Renewables Spa ::BUYS 70% OF IRON SPV SRL FROM CANADIAN SOLAR GROUP.IRON SPV OWNS A SOLAR PROJECT CURRENTLY UNDER DEVELOPMENT IN SICILY FOR A TOTAL CAPACITY OF ABOUT 35 MW.PENDING CONSTRUCTION AUTHORIZATIONS FOR PROJECT, CO WILL ACQUIRE REMAINING 30% OF IRON SPV.  Full Article

Falck Renewables Q3 EBITDA Up At EUR 42.7 MLN
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Falck Renewables SpA ::Q3 REVENUE EUR 83.0 MILLION VERSUS EUR 66.6 MILLION YEAR AGO.Q3 EBITDA EUR 42.7 MILLION VERSUS EUR 31.2 MILLION YEAR AGO.Q3 PROFIT BEFORE TAX EUR 6.3 MILLION VERSUS EUR 3.6 MILLION YEAR AGO.FOR 2019, GUIDANCE HAS BEEN UPDATED UPWARDS FOR MAIN ECONOMIC-FINANCIAL INDICATORS.EXPECTS 2019 EBITDA FROM ABOUT EUR 184 MILLION TO ABOUT EUR 196 MILLION.EXPECTS 2019 GROUP NET EARNINGS GREATER THAN EUR 41 MILLION.EXPECTS 2019 NET FINANCIAL POSITION (INCLUDING FAIR VALUE OF DERIVATIVES) FROM APPROXIMATELY €737 MILLION TO APPROXIMATELY €680 MILLION.CONSTRUCTION ON WIND POWER PLANTS IN ÅLIDEN (SWEDEN), HENNØY (NORWAY) AND ENERGIA EOLICA DE CASTILLA (SPAIN) IS EXPECTED TO BE COMPLETED AT THE END OF 2019. PLANTS WILL GENERATE A TOTAL OF ABOUT 107 MW.SEES ESTIMATED IMPACT UNDER ADOPTION OF IFRS 16 POSITIVE AROUND €5.9 MILLION ON EBITDA, NEGATIVE OF AROUND €1.7 MILLION ON GROUP NET EARNINGS, INCREASE OF NET FINANCIAL POSITION FOR €74 MILLION.  Full Article

Falck Renewables Signs Agreement With Reg Windpower On Wind And Solar Projects In The UK
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - Falck Renewables SpA ::SIGNS AGREEMENT WITH REG WINDPOWER FOR JOINT DEVELOPMENT OF WIND AND SOLAR PROJECTS IN UK.FOR THIS PURPOSE, COMPANY NATURALIS ENERGY DEVELOPMENTS HAS BEEN SET UP.NATURALIS ENERGY DEVELOPMENTS, 70% OWNED BY FALCK RENEWABLES WIND AND 30% BY REG DAMERY DEVELOPERS.TO DEVELOP ABOUT 200 MW OF WIND AND SOLAR PROJECTS IN THE UNITED KINGDOM WITH REG WINDPOWER.  Full Article