Voltalia up after it reported 76% earnings jump

Voltalia SA

02/04/2024 09:12

** Shares in Voltalia  VLTSA.PA  jump around 8% after the
French renewable power producer posted a 76% increase in its
full-year EBITDA 
    ** EBITDA came in at 241.1 million euros in 2023, compared
with 137.2 million euros a year prior
    ** Voltalia said it now expects EBITDA of around 255 million
euros this year, including around 230 million euros from its
energy sales
    ** Midcap analyst Veneta Nikolova says the guidance is in
line with consensus, adding that the low share price gives a
"favorable valuation window"
        ** Including Tuesday's gains, the stock is down 32% so
far this year
  
    


    

 (Reporting by Stéphanie Hamel)
 ((stephanie.hamel@thomsonreuters.com))