THEOLIA : THEOLIA Q1 2007 sales: EUR 19.4 million

le
0

Sales by business

¤ M

First quarter 2007

First quarter 2006

Construction / sales - wind farm sector

119

0

Sales of electricity from wind power

13 884

39

Non wind power activities

5 386

1 643

Total first quarter

19 388

1 682

Theolia has announced strong growth in consolidated first quarter 2007 sales, confirming the Company's strategy of building expertise in the development, construction and operation of wind farms for its own account and on behalf of third parties.

Highlights of the first quarter of 2007 were:

  • Sales of electricity from wind power amounted to ¤13.9 million.

  • Sales to third parties were not material.

The bulk of Theolia’s sales are expected to come in the second half of the year.

Sales have grown very strongly.

THEOLIA

Q1 2007

THEOLIA

Q1 2006

%

NATENCO

Q1 2006

¤ m

19,4

1,7

1041 %

5,61

Sales to third parties are a seasonal business, since disposals are booked in the second half of the year, but revenue increased by more than 1000% year on year. Nearly ¤14 million came from electricity sales, confirming a sharp increase in production capacity and other, non wind power activities.

Jean-Marie Santander, CEO, said: “sales to third parties are seasonal, since the corresponding revenue is recognised in the second half. Despite that, the Company reported strong sales growth of more than 1000%, due to an increase in installed wind farm capacity. Operations in progress will confirm Theolia’s strategy and the Company's international scale. Acquisitions completed by Theolia have all created value and investors have been right to support them. Synergy from acquisitions, mergers and partnerships will have a major impact on earnings in the current year.”.

Next report: publication of second quarter sales on 13 August 2007.

About THEOLIA

Theolia operates in the fast-growing market for power generation from renewable energy, mainly wind. The Company has expertise in all the various stages of a project: development and design, turnkey construction, own-account operation and third party management.

Theolia is listed on Eurolist B by Euronext Paris and is supported by incentives to develop renewable energy from member states of the European Union. Theolia demands financial performance and is committed to improving the environment. As a result, it offers investors the opportunity to combine economic growth and sustainable development at the same time as combatting climate change.


For more information

Jean-Marie Santander

CEO

Tel: + 33 (0)4 42 904 904

jean-marie.santander@theolia.com

Graham Fairbank

Director of Communications

Tel: +33 (0)4 42 904 904

graham.fairbank@theolia.com

THEOLIASociété anonyme à Conseil d'Administration. Registered capital 31 483 409 ¤
Siège social : Parc de La Duranne - 860, rue René Descartes
Les Pléiades Bât F - 13795 Aix-en-Provence cedex 3
Tel : +33 (0)4 42 904 904 - Fax : +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on Eurolist B, Euronext Paris, code: TEO

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