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    BLX   CA09950M3003

BORALEX INC.

(BLX)
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Delayed Toronto Stock Exchange  -  04:00 2022-08-10 pm EDT
47.70 CAD   -2.15%
08/05Boralex Kept at Hold by TPH Following Q2 Results; Price Target Raised to C$47.00
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08/04National Bank Notes Boralex Q2 In Line as Benefits from Higher Power Prices; Lifts Price Target
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08/03Boralex Hold Rating Reiterated by TPH Following Q2 Results; Price Target Kept at C$42.00
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Boralex announces the appointment of Nicolas Mabboux as Vice President, Information Technology and Digital Transformation

06/20/2022 | 08:00am EDT

MONTREAL, June 20, 2022 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the appointment of Nicolas Mabboux as Vice President, Information Technology and Digital Transformation, effective today.

With the creation of this new position, Nicolas joins Boralex's Executive Committee to prioritize the company’s use of technology to grow and evolve with the changing industry.

"Nicolas's expertise, extensive knowledge of best practices and versatility are key assets for Boralex in the deployment of our Strategic Plan," said Patrick Decostre, President and Chief Executive Officer of Boralex. "I am convinced that the appointment of Nicolas to the executive team will enable us to accelerate and operationalize our digital transformation in order to achieve our ambitious targets for 2025."

Nicolas boasts a solid track record in information technology both in consulting and in business and has been involved in several business transformations, digital delivery across utilities, mining and transportation industries, optimizing both the business and operations functions. He worked with leading companies such as Accenture, in France and Quebec, and with Canadian National Railway for the past 5 years in Quebec.

About Boralex

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to 2.5 GW. We are developing a portfolio of more than 3 GW in wind and solar projects and nearly 200 MW in storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

For more information, visit www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.

For more information:

Media Investor Relations
Camille Laventure
Advisor, Digital Communications
Boralex Inc.
438-883-8580
camille.laventure@boralex.com
Stéphane Milot
Senior Director – Investor Relations
Boralex Inc.
514 213-1045
stephane.milot@boralex.com
  

Source: Boralex Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/159bbe8c-bc2a-4771-8062-d7dd13a8a96e


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Nicolas Mabboux

Photo of Nicolas Mabboux, Vice President, Information Technology and Digital Transformation at Boralex.

© GlobeNewswire 2022
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Financials
Sales 2022 801 M 627 M 627 M
Net income 2022 94,2 M 73,8 M 73,8 M
Net Debt 2022 2 931 M 2 297 M 2 297 M
P/E ratio 2022 53,5x
Yield 2022 1,39%
Capitalization 4 902 M 3 841 M 3 841 M
EV / Sales 2022 9,78x
EV / Sales 2023 9,20x
Nbr of Employees 562
Free-Float 99,3%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 47,70 CAD
Average target price 49,43 CAD
Spread / Average Target 3,62%
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Managers and Directors
Patrick Decostre General Manager-Europe
Bruno Guilmette Chief Financial Officer & Vice President
Alain Rhéaume Chairman
Nicolas Mabboux VP-Information Technology & Digital Transformation
Alain Pouliot Assistant General Manager-Operations
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