THEOLIA : Third quarter 2007 sales up 850%

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During the nine months to 30 September 2007, the Theolia group's sales came to ¤83.5 million.

Owing to the strong seasonal fluctuations in its business, the bulk of the year's sales are recognised during the fourth quarter. Based on operations to date, the Group is reiterating its sales target for the full year of between ¤260 million and ¤300 million, representing a very steep increase on the previous year.

1 - Geographical breakdown
in thousands of euros France Germany Rest of the world Consolidated total
First quarter 2007 4,019 12,223 3,147 19,388
First quarter 2006 1,260 0 422 1,682
 
Second quarter 2007 4,172 23,287 4,177 31,636
Second quarter 2006 2,133 0 862 2,995
 
Third quarter 2007 11,042 21,411 0 32,453
Third quarter 2006 3,238 94 803 4,135
 
Consolidated total at
30 September 2007
19,233 56,920 7,324 83,477
Consolidated total at
30 September 2006
6,632 94 2,087 8,812

2 - Breakdown by business segment
in thousands of euros Sales of wind-
generated
electricity
Construction/sale
- Wind power
Non-wind power operations Consolidated total
First quarter 2007 13,884 119 5,386 19,388
First quarter 2006 39 0 1,643 1,682
 
Second quarter 2007 8,402 15,938 7,296 31,636
Second quarter 2006 90 1,029 1,877 2,995
 
Third quarter 2007 12,790 16,206 3,458 32,453
Third quarter 2006 405 789 2,940 4,135
 
Consolidated total at
30 September 2007
35,075 32,263 16,139 83,477
Consolidated total at
30 September 2006
534 1,818 6,460 8,812

Sale of wind-generated electricity ¤12,790,000
During the quarter, the scope of consolidation was boosted by the asset contribution made by GE-EFS, which contributed ¤6.2 million to the increase in sales.

Sale to third parties (construction/sale wind power facilities) ¤16,206,000
The sale to third parties segment posted sales of ¤16.2 million. This figure was in line with the Group's expectations and was attributable to the strong seasonal fluctuations in its business activities. Most sales are recorded towards the end of the year. As a result, it is very hard to compare performance between various quarters of the same financial year.

Non-wind power operations ¤3,458,000
Non-wind power operations only include sales of electricity not generated from wind power and sales recorded by the environmental services unit.

3 - Outlook
On the strength of performance during the first three quarters and operations to date, the Theolia group has reiterated its full-year 2007 targets of sales of between ¤260 million and ¤300 million and EBITDA of between ¤30 million and ¤35 million.


About THEOLIA

THEOLIA is a leading European independent electricity producer from renewable energy. THEOLIA's activity spans development, construction and operation of wind farms. THEOLIA operates in France and a number of emerging markets.THEOLIA is listed on Eurolist B by Euronext Paris under the mnemonic TEO. The stock is a component of the SBF 120 index, having gone from the Marché Libre to the SBF 120 in under 15 months.

For more information:
Dolores Muniz
Media Relations
Tel: + 33 (0)4 42 904 904
dolores.muniz@theolia.com

THEOLIA
French société anonyme (public limited liability company with board of directors)
with share capital of ¤38,235,117
Registered office: Parc de La Duranne - 860, rue René Descartes
Les Pléiades - Bât F - 13795 Aix-en-Provence cedex 3 - France
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 under the mnemonic TEO © Copyright Actusnews Wire
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