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voltalia SOLAR • WIND • HYDRO BIOMASS STORAGE PRESS RELEASE October , 20 2021 Q3 2021 revenues : + 67 % to 102.7 million euros Crossing the 100 million euros quarterly revenue threshold . Energy sales : + 47 % . Record quarterly production ( 1.3 terrawatthours ) thanks to increased installed capacity • Services to third - party clients : + 120 % . Dynamics of the Construction , Equipment Procurement and O & M activities With a third consecutive quarter of strong growth , cumulative revenues as at September 30 , 2021 were up + 69 % . Short and medium term objectives and ambitions reiterated • • 2021 : expected improvement in profitability in H2 2021 confirmed by Q3 2021 dynamic and confirmation of the normalised EBITDA¹ target of around 170 million euros 2023 : 2.6 GW in operation and under construction and normalised EBITDA of 275-300 million euros Voltalia ( Euronext Paris , ISIN code : FR0011995588 ) , an international player in renewable energies , announces today its revenues for the third quarter and first nine months of 2021 . " We achieved a third consecutive quarter of very strong growth , crossing the 100 million euros quarterly revenue threshold for the first time . This performance , driven by both Energy Sales and Services , illustrates the success of our integrated model that combines growth , resilience and value creation , " commented Sébastien Clerc , Voltalia's CEO . Revenues for the third quarter ( Q3 ) and first nine months ( 9M ) of 2021 In € million Energy sales Services Eliminations 3 Consolidated revenues Q3 2021 Q3 2020 Change at Change at current rates constant 9M 2021 9M 2020 Change at Change at current constant rates² rates rates² 67.0 45.4 + 47 % + 50 % 159.8 107.5 + 49 % + 60 % 52.6 36.1 + 46 % + 45 % 146.2 85.9 + 70 % + 71 % -17.0 -19.9 -15 % -15 % -52.3 -43.4 + 21 % + 23 % 102.7 61.6 + 67 % + 68 % 253.6 150.1 + 69 % + 77 % The average EUR / BRL exchange rate at which revenues were established at September 30 , 2021 was 6.4 compared to 5.7 at September 30 , 2020 . BUSINESS REVIEW Consolidated revenues for Q3 2021 amounted to 102.7 million euros , up + 67 % ( + 68 % at constant exchange rates ) , crossing the 100 million euros quarterly revenue threshold for the first time . Cumulative consolidated revenues for the first nine months of 2021 amounted to 253.6 million euros , up + 69 % ( + 77 % at constant exchange rates ) . In the third quarter alone , as in the first nine months of the year , there was a very strong increase in revenues from Energy Sales and an even stronger increase in revenues from Services to third - party clients . 1 " Normalised " means calculated with an annual average EUR / BRL exchange rate of 6.3 and a long - term average wind , solar and hydro resource 2 Calculated on the basis of 2021 revenues at 2020 exchange rates 3 Eliminations : services provided by the Services business for the power plants owned by the Group are eliminated on financial consolidation 1