Falck Renewables SpA, 2012 Earnings Call, May 22, 2013

Falck Renewables SpA (BIT:FKR) is seeking a partner for its UK based wind operations. Rothschild Inc. has been retained to find such an accord by the end of 2013. Piero Manzoni, the Chief Executive Officer of Falck, declined to provide further details on the matter.

Falck Renewables SpA announced preliminary earnings results for the fourth quarter and year ended Dec. 31, 2012. For the quarter, the company reported revenue of EUR 75.3 million, EBITDA of EUR 42.7 million as compared to revenue of EUR 80.1 million, EBITDA of EUR 48.3 million for the same period prior year. The increase in revenue and EBITDA is due due to the combination of lower wind power production in October and November and the expiration of the CIP6 incentive. For the year, the company reported revenue of EUR 274.6 million, EBITDA of EUR 158 million as compared to revenue of EUR 248.7 million, EBITDA of EUR 141.7 million for the same period prior year. Net financial debt without derivatives was EUR 757.0 million as compared to EUR 765.3 million for the same period prior year. Net financial debt without derivatives was EUR 842.8 million as compared to EUR 826.1 million for the same period prior year. The growth in revenue and EBITDA was due to greater annual production, and was partly offset by the expiration of the CIP6 tariff incentive for waste-to-energy plants.