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Falck Renewables: profits plummeting but dividend increases

Net profit for 2014 drops to 9 million from 15 million in 2013 – Consolidated revenues also drop by 2,15% to 248,3 million euro – Title goes up on the Stock Exchange

Falck Renewables: profits plummeting but dividend increases

Net income of 9 million in 2014 for Falck Renewables which will propose a dividend of €0,062 per share. Last year the dividend was 0,032 euros per share. The coupon will be detached on May 11th and paid on May 13th. In the morning, the share of Falck Renewables gains more than 2 percentage points a Business Square.

It should be noted that the profits of the company that invests in renewable energy plants have dropped significantly compared to the 15 million euros recorded in 2013. On the net result, the company specifies that, due to the minorities deriving from the Borea operation with which it was having sold 49% of six wind farms in the United Kingdom, the result attributable to the group amounted to 3,4 million (15,1 million in 2013). Down too i consolidated revenues which fell by 2,15% to 248,3 million. Ebitda is down, falling to 135,3 from 145,3 million but is "above group expectations and the guidance communicated to the market" (130-135 million euro), underlines a note.

For 2015 theEbitda is seen in a range between 132 and 137 million. The 2014 EBIT decreased to 70,8 from 74 million, the net financial debt, excluding the fair value of interest rate derivatives 3, amounted to 560 million from 673,8 .2013 million at the end of 638,1 (728,1 million from XNUMX calculating derivatives).

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