(Finance) – The board of directors of Falck Renewablesa company listed on Euronext STAR Milan and active in the production of energy from renewable sources, has examined and approved the draft financial statements and consolidated financial statements as at 31 December 2021. I adjusted revenues were 568.4 million euros, compared to 384.4 million euros in 2020 (+ 47.9%). L’Adjusted EBITDA was 207.6 million euros, compared to 195.8 million euros in 2020, while the adjusted net profit attributable to the group of 22.2 million euros, compared to 36.6 million euros in 2020.
L’adjusted net financial debt, including the fair value of derivatives, which also includes the fair value of hedges, settled at € 1,013.6 million compared to € 728.7 million at 31 December 2020, up mainly due to the effect of fair value of hedging derivatives on energy price risk. The investments amounted to 204.8 million euros compared to 188.0 million euros in 2020. Approximately 12.5 GW of pipeline (+ 350% compared to December 2020). Installed capacity grew by 14.5% year on year (+174.7 MW compared to 31 December 2020). 1,370 MW of installed capacity reached.
“2021 was characterized by important changes for the group with the reaching of the agreement for the acquisition, by the Infrastructure Investments Fund, of 60% of the shares of Falck Renewables held by Falck SpA and from a turning point from an industrial point of view “, commented theCEO Toni Volpe. “In addition to the growth in the business perimeter, with a significant increase in installed capacity, there was amassive pipeline growth and diversification of projects under development – he added – The group has in fact achieved excellent results in the floating offshore wind sector, in Italy and Scotland, establishing itself as one of the major players in the sector at an international level “.
The industrial results of the group will benefit, throughout 2022, from the production of the Brattmyrliden wind farm (74.1 MW, in Sweden), the Desafio Solar SL solar plant (50 MW, in Spain), the solar plant the Westmoreland County Solar Project (29.6 MW, in the USA), the Okla wind farm (21 MW in Norway), and the results of the SAET group. The company stands continuing the scouting activities for new development projects. “The accelerated pipeline expansion plan has exceeded the development objectives of the Industrial Plan published in March 2020, and this trend is expected to continue also in 2022 and in the following years “, is highlighted.
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