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    FTRN   FR0011284991

FUTUREN

(FTRN)
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FUTUREN : acquires all minority stakes in its investment vehicle Theolia Utilities Investment Company

05/23/2019 | 01:58am EDT
FUTUREN acquires all minority stakes in its investment vehicle Theolia Utilities Investment Company (2019/05/23 07:00 AM)

On May 21, 2019, FUTUREN bought the minority stakes of Badenova and IWB in Theolia Utilities Investment Company ('TUIC'), an investment vehicle focusing on the acquisition and operation of large wind farms, mainly in France. The reasons for the purchase are due to varying views on the strategic direction of TUIC.

TUIC was founded in 2011 to buy, build and operate wind projects. FUTUREN held 40% of TUIC, Badenova and IWB 30% each. The partners originally set the target size for the first five years at an installed capacity of up to 150 MW. TUIC today is involved in four wind farms in France, for a cumulative installed capacity of about 68 MW.

About FUTUREN

FUTUREN is a group active in the field of wind energy, present throughout the entire wind value chain. The Group develops, builds and owns wind farms in four countries: France, Germany, Morocco and Italy. In total, the Group manages 648 MW for its own account and for third parties.

CONTACT

French Société anonyme (public limited company with Board of Directors) with a share capital of €27,777,658.70

Registered office: Cœur Défense - 100, esplanade du Général de Gaulle - 92932 Paris La Défense - France

Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France

Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.futuren-group.com

The stock is listed on the compartment B of Euronext Paris, symbol: FTRN.

Disclaimer

Futuren SA published this content on 23 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2019 05:57:02 UTC


ę Publicnow 2019
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Financials
Sales 2018 67,5 M 79,0 M 79,0 M
Net income 2018 -0,81 M -0,95 M -0,95 M
Net Debt 2018 151 M 177 M 177 M
P/E ratio 2018 -386x
Yield 2018 -
Capitalization 320 M 355 M 374 M
EV / Sales 2017 6,70x
EV / Sales 2018 6,89x
Nbr of Employees 105
Free-Float -
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Managers and Directors
Alexandre Morin Chief Executive Officer
Elodie Fiorini CFO, Secretary & Head-Communications
Nicolas Couderc Chairman
Lilia Jolibois Independent Director
Michel Sirat Independent Director