Greenalia, dedicated to the provision of thermal energy services from biofuels, has made the leap to the Alternative Stock Market (MAB) closing its debut with a rise of 7.88% and 2.19€. It thus becomes the seventeenth company to join the MAB so far in 2017.
Greenalia, dedicated to the provision of thermal energy services from biofuels, has made the leap to the Alternative Stock Market (MAB) closing its debut with a rise of 7.88% and 2.19€. It thus becomes the seventeenth company to join the MAB so far in 2017.
About Greenalia
Greenalia is a Spanish company based in A Coruña specialising in the provision of thermal energy services from biofuels. Founded more than 20 years ago, its origins were in the forestry sector and it later expanded its activity to the energy industry to follow the roadmap set by Europe towards the so-called "low-carbon economy". Since then, the Greenalia Group has managed to position itself as one of the leaders in Spain in the green economy. The group has 5 business lines:
- Electricity: Greenalia Power is present in this sector as a promoter and producer exclusively in renewable technologies, with relevant activity in two of them, biomass, where it aspires to be a national benchmark, and wind power. It has 268 MW of power under development in Spain, in the main forestry and wind power production areas.
- Thermal energy: Greenalia Heating & Cooling is dedicated to the production of thermal energy (heating and cooling) exclusively from biofuels (pellets and dry woodchips).
- Industrial: Greenalia Industry specialises in the production of biofuels (pellets and dry woodchips) which are subsequently consumed, in part, in thermal generation facilities (heating and cooling).
- Logistics: Greenalia Logistic is a company dedicated to logistics, including all areas, from warehousing, stowage and transport (land or sea), to consignee and customs agency.
- Forestry: Greenalia Forest is the group company responsible for forestry activities, from purchasing from the owner to marketing the products to its customers.
Greenalia closed 2016 with a turnover of €29.67M, achieving an ebitda of €1.09M, and has a workforce of 33 employees. The company has played a leading role in the latest renewable auctions held by the government. In the 2016 auction it was awarded a total of 49.9 MW of biomass, and in the last auction held last July it was awarded a total of 133 MW of wind power to be developed entirely in Galicia.
Greenalia closes its MAB debut with an increase of 7.8%
Greenalia has made the leap to the Alternative Stock Market (MAB)The company has debuted with a significant rise, soaring more than 13% to €2.3 per share of the company. At the close the gains have softened to 7.88% at €2.19.
Compared to the established reference price of €2.03 per share, Greenalia's initial listing price of €2.3 per share represents a strong increase and values the company at €48.8M.
The company carried out a €3M pre-incorporation capital increase in November, on the basis of which the company's board of directors set a reference value for each of its shares of €2.03, giving a total group value of €43.1M.
Para el vicepresidente y director gerente del Mercado Alternativo Bursátil, Jesús González Nieto-Márquez, la incorporación de Greenalia supone una «gran noticia» que confirma la consolidación y el crecimiento del MAB. Con esta operación, Greenalia se convierte en la decimoséptima empresa que se incorpora al MAB en lo que va de 2017.