Greenvolt - Energias Renováveis
Logotype for Greenvolt - Energias Renováveis S.A.

Greenvolt - Energias Renováveis (GVOLT) investor relations material

Greenvolt - Energias Renováveis has been acquired

Greenvolt - Energias Renováveis Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Greenvolt - Energias Renováveis S.A.
Q2 2024 earnings summary24 Sep, 2024

Executive summary

  • Renewable energy demand is rising, with distributed generation (DG) and storage gaining importance due to permitting bottlenecks and system flexibility needs.

  • The project pipeline expanded to 9.3 GW, with 3.6 GW Ready to Build and expectations to reach over 6 GW by 2025; major storage projects are underway in Poland, Hungary, and the UK.

  • KKR became the largest shareholder, holding over 80% after converting €200M in convertible bonds, strengthening equity and enabling new growth opportunities.

  • 1H24 saw 42% revenue growth to €188M, but EBITDA fell 40% to €26.5M due to lower UK prices, minimal asset rotation, and ramp-up costs in DG.

  • Acquired Kent Renewable Energy, its second UK biomass plant, and signed agreements to sell 153 MWp of solar in Italy.

Financial highlights

  • 1H24 revenues rose 42% year-over-year to €188.0M; EBITDA declined 40% to €26.5M, with a net loss of €19.0M, mainly due to lower UK biomass prices and lack of asset rotations.

  • All business segments contributed to revenue growth, notably Utility-Scale, due to operational asset growth and changes in asset accounting in Poland.

  • Biomass EBITDA fell 15% year-over-year, primarily from lower UK prices and plant stoppages in Portugal.

  • Utility-Scale EBITDA dropped by about 49% year-over-year due to no asset rotation, partially offset by increased operational assets.

  • Distributed Generation installed capacity grew 52% to 42.5 MWp, with EBITDA at -€5.7M due to ramp-up costs.

Outlook and guidance

  • Stronger results are expected in the second half of 2024, with positive EBITDA and net profit anticipated, driven by asset rotations, operational performance, and DG backlog execution.

  • Expects to complete three asset sales in 2024, targeting over 500 MW sold.

  • Confident in achieving positive EBITDA in Distributed Generation by year-end.

  • Storage profitability remains robust, with double-digit equity IRRs expected, especially in Poland and Hungary.

  • Strategic focus remains on portfolio expansion and long-term value creation.

Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.
Greenvolt - Energias Renováveis
Cover every name on your watchlist this earnings season.
Automations, AI chat, and live calls across 16,000+ companies.
Book demo

AI chat

Ask anything. Verify everything.

Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn more

Find what matters

AI across all first-party IR material. Live calls, transcripts, slides, filings.
A cited source card from Adobe's CFO alongside a list of forward-looking statements

Trust every finding

50m+ first-party documents. Every output traceable to its source.

Automations

Zero in on what matters

Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more
An automation set to trigger on the first published earnings document for GE Aerospace

Event-triggered research

Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.
An automation scheduled to run weekly on Mondays at 09:00

Scheduled research

Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.

Live audio & transcripts

Be first

Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more
A live LVMH Q2 2026 earnings call playing in Quartr

Live earnings calls

Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.
A live transcript excerpt from LVMH's Chairman and CEO Bernard Arnault

Live transcripts

Speaker-by-speaker, in real time. Searchable across every live and historical call.

Quartr MCP connects your AI environment to 17K+ public companies

Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more

Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.

Jamie Ross

Investment Manager, GAM Investments

GAM
GAM

Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.

Tom O'Hara

Investment Director

Ciena
Ciena

Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.

Gregg Lampf

VP of Investor Relations

Frequently asked questions

Greenvolt - Energias Renováveis S.A., known as Greenvolt, operates within the renewable energy sector, focusing on three main areas: biomass, utility-scale wind and solar projects, and distributed generation. The company is a leading entity in producing energy from residual forest biomass in Portugal and operates an urban waste biomass power plant in the United Kingdom. Greenvolt stands out in Europe for its development of large-scale solar and wind projects, with a significant pipeline of approximately 5.8 GW, around 4.0 GW of which are in an advanced or ready-to-build stage, marking its presence in multiple markets globally including Portugal, United Kingdom, Spain, Poland, Greece, Italy, France, Romania, Bulgaria, Serbia, and the United States. Greenvolt is headquartered in Porto, Portugal, and its shares are listed on the Euronext Lisbon stock exchange.