Core Insights - Ormat Technologies, Inc. reported strong financial results for the fourth quarter and full year ended December 31, 2024, with total revenues increasing by 6.1% year-over-year, driven by growth across all business segments [5][6] - The company achieved a 14.3% increase in adjusted EBITDA for the full year, reflecting solid performance in its Electricity, Product, and Energy Storage segments [5][6] - Ormat is on track to meet its generating capacity goals of 2.6 to 2.8 GW by 2028, supported by strategic portfolio expansion and ongoing demand for renewable energy [5][6] Financial Performance - Total revenues for Q4 2024 were $230.7 million, a decrease of 4.4% from Q4 2023, while full-year revenues reached $879.7 million, up 6.1% from 2023 [3][7] - The Electricity segment reported revenues of $180.1 million for Q4 2024, down 2.1% year-over-year, but increased by 5.3% for the full year [3][7] - The Energy Storage segment saw significant growth, with revenues increasing by 56.7% in Q4 and 30.6% for the full year [3][7] Profitability Metrics - Gross profit for Q4 2024 was $73.6 million, with a gross margin of 31.9%, compared to 32.5% in Q4 2023 [3][7] - Operating income for the full year improved by 3.5% to $172.5 million, while net income attributable to stockholders was $123.7 million, a slight decrease of 0.5% year-over-year [3][7] - Adjusted net income attributable to stockholders for Q4 increased by 7.7% to $43.6 million, with adjusted diluted EPS rising by 7.5% to $0.72 [3][7] Strategic Initiatives - In 2024, Ormat added 253 MW of new capacity, with 133 MW in the Electricity segment and 120 MW in Energy Storage, contributing to overall growth [6][7] - The company is negotiating for approximately 250 MW with hyper-scalers, indicating strong demand for renewable power [6][7] - Ormat has taken strategic actions to ensure eligibility for tax credits under the Inflation Reduction Act, enhancing its growth prospects [6][7] Future Outlook - For 2025, Ormat expects total revenues between $935 million and $975 million, with adjusted EBITDA projected between $563 million and $593 million [10][11] - The company anticipates continued growth in its Energy Storage segment, supported by new projects coming online [6][10] - Ormat's strategic focus on renewable energy positions it well to capitalize on the increasing global demand for cleaner energy solutions [6][10]

Company Overview - Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and a workforce of 127,000 employees globally as of December 31, 2024 [2] - The company serves a total customer base of 291 million, including 253 million mobile customers and 22 million fixed broadband customers, accounting for the deconsolidation of certain activities in Spain [2] - Orange operates in 26 countries, including non-consolidated countries, and is a prominent provider of global IT and telecommunication services to multinational companies under the brand Orange Business [3] Strategic Initiatives - In February 2023, Orange introduced its strategic plan "Lead the Future," which focuses on a new business model emphasizing responsibility and efficiency, leveraging network excellence to enhance service quality [3] Financial Operations - On February 21, 2025, Orange reduced the cash amount allocated to its liquidity contract with Rothschild Martin Maurel by 5 million euros, bringing the total amount below the 50 million euros threshold set for "very liquid shares" [1]

Group 1 - Orange has initiated a share buyback program as part of its 2024 strategy, purchasing a total of 183,955 shares on 20 February 2025 at an average price of €10.91, amounting to €2,006,949.05 [1][2] - The shares acquired are intended to fulfill obligations related to long-term incentive plans for corporate officers and senior employees, aimed at aligning key managers with the success of the company's strategic plan [2] - The share buyback program was authorized by the Shareholders' General Meeting on 22 May 2024, and the program's details can be found in Orange's 2023 universal registration document [2] Group 2 - Orange reported revenues of €40.3 billion in 2024 and employed 127,000 people globally as of 31 December 2024, with 71,000 employees based in France [3] - The company serves a customer base of 291 million worldwide, including 253 million mobile customers and 22 million fixed broadband customers, reflecting the deconsolidation of certain activities in Spain [3] - Orange is recognized as a leading provider of global IT and telecommunications services to multinational companies under the brand Orange Business, and it presented its strategic plan "Lead the Future" in February 2023 [4]

Core Insights - Ormat Technologies has secured two 15-year tolling agreements for energy storage facilities in Israel, marking a significant step in its strategic transition towards a more stable and profitable portfolio [1][4] - The combined capacity of the awarded facilities is approximately 300MW/1200MWh, developed in partnership with Allied Infrastructure LTD [1][2] - The projects are in advanced stages of obtaining necessary permits and are expected to commence commercial operations by 2028 [3] Company Overview - Ormat Technologies is a leading geothermal and renewable energy technology company with over five decades of experience [5] - The company operates a total generating portfolio of 1.5GW, including a 1.2GW geothermal and solar generation portfolio globally [5] - Ormat is focused on expanding its energy storage services and aims to establish a leading position in the U.S. energy storage market [5] Partnership Details - The ownership of the energy storage projects will be shared equally (50/50) between Ormat and Allied Infrastructure LTD [2] - This partnership represents Ormat's first major entry into the Israeli utility-scale energy storage market [2][4] - The collaboration aims to further develop energy storage facilities in Israel [2]

Core Insights - The company reported strong financial results for 2024, achieving revenue of €40,260 million, up 1.2% year-on-year, and EBITDAaL of €12,109 million, an increase of 2.7% year-on-year [1][19] - The organic cash flow target for 2025 has been raised to at least €3.6 billion, reflecting confidence in continued operational performance [2][19] - The successful execution of the "Lead the Future" strategic plan is highlighted as a key driver of growth, with significant operational achievements across various regions [1][2] Financial Performance - Revenues for Q4 2024 were €10,426 million, a slight increase of 0.5% compared to Q4 2023 [1][59] - EBITDAaL for Q4 2024 reached €3,252 million, representing a growth of 3.2% year-on-year [1][59] - Operating income rose by 14.8% to €5,116 million, driven by increased EBITDAaL and reduced expenses [1][13] Regional Performance - France saw a revenue increase of 0.4% to €17,798 million, with retail services growing by 1.4% [24][25] - The Africa & Middle East region delivered robust performance with annual revenues up 11.1% to €7,683 million, driven by mobile data and Orange Money [34][35] - Europe experienced a revenue decline of 2.1% to €7,101 million, primarily due to a decrease in wholesale services [28][29] Operational Highlights - The company achieved a significant increase in mobile and fixed broadband customer bases, with mobile accesses reaching 253 million globally [10][30] - The implementation of digital technologies, including AI, is being accelerated to enhance service offerings and operational efficiency [5][10] - The company maintained its leadership position in convergence services in Europe, with a total of 9.1 million convergent customers [10][25] Strategic Initiatives - The creation of the MASORANGE joint venture in Spain is noted as a strategic move, contributing to revenue growth and operational synergies [1][56] - The company is focusing on operational efficiency, achieving two-thirds of its efficiency program target for 2025 [10][19] - A new employment and professional development agreement was signed in France to support workforce adaptation to technological changes [6][10] Sustainability and ESG - The company has exceeded its target of reducing GHG emissions by 30% by 2025, achieving a 37.4% reduction in 2023 [21][22] - Strong ESG ratings were reported, with MSCI rating the company as A and EcoVadis awarding a Platinum score [21][22]

Core Points - The Orange Group has signed an agreement on Employment and Career Path Planning (GEPP) for the period 2025-2027, aimed at supporting the evolution of professions and skills within the company in France [1][5] - The agreement emphasizes the importance of employee employability as a key asset for the company's transformation and allows employees to make informed career choices [2][4] Employment and Recruitment - Orange plans to recruit 6,000 permanent positions by 2027 and aims to welcome a minimum of 2,600 apprentices annually during this period [5][8] - The company is committed to providing over 1 million hours of training annually to its employees in France [5][6] Skill Development and Internal Mobility - The agreement includes initiatives for continuous skill development and internal retraining pathways, with new programs like "Orange Perspectives" to facilitate transitions to balanced or emerging professions [6][13] - Financial incentives will be offered for employees who initiate mobility between different divisions within the Group [13] Support for Employees - Specific provisions are planned for mid-career employees aged 45 and over, focusing on skill development, career guidance, and healthcare [13] - The agreement renews the "assisted part-time" plan and the Part-Time for Seniors voluntary plan, aimed at supporting employees in later stages of their careers [13] Social Dialogue and Company Strategy - The agreement reflects Orange's commitment to high-quality social dialogue and positions the company as a responsible and innovative player in the telecommunications sector [2][9] - The strategic plan "Lead the Future" aims to reinforce Orange's leadership in service quality while adapting to new challenges in the telecom sector [11]

Core Points - Ormat Technologies Inc. has successfully commenced commercial operations for the 35MW Ijen geothermal power plant in East Java, Indonesia, marking a significant milestone in the company's expansion strategy in the region [1][3] - The Ijen facility is a joint venture with PT Medco Power Indonesia, where Ormat holds a 49% equity share, and it is the first geothermal power plant in East Java, contributing to Indonesia's goal of adding 7.2 GW of geothermal capacity by 2035 [1][2] - The Ijen geothermal power plant is equipped with Ormat Energy Converter and has a total planned capacity of 110 MW under a 30-year power purchase agreement [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over five decades of experience, focusing on geothermal and recovered energy generation [4] - The company operates a total generating portfolio of 1,537 MW, which includes 1,247 MW from geothermal and solar generation across various countries, and a 290 MW energy storage portfolio located in the U.S. [4] - Ormat aims to accelerate long-term growth in the energy storage market and establish a leading position in the U.S. energy storage market [4]

6 February 2025 Orange: information on the total number of shares and voting rights referred to in Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. In application of Article L. 22-10-46 of the French Commercial Code (Code de commerce), as from 3 April 2016, a double voting right is automatically granted to fully paid-up shares that have been held in registered form and under a single shareholder name for at least two year ...

New Geothermal PPA Advances Ormat’s Portfolio Expansion Strategy and Long-Term Revenue and EBITDA GenerationRENO, Nev., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced the signing of a 10-year Power Purchase Agreement (PPA) with Calpine Energy Solutions, one of North America’s largest energy suppliers. Under this agreement, Calpine Energy Solutions will purchase up to 15 megawatts (MW) of clean, renewable energy from t ...

RENO, Nev., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading geothermal and renewable energy company, today announced that it plans to publish its fourth quarter and full year 2024 financial results in a press release that will be issued on Wednesday, February 26, 2025, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, February 27, 2025. Participants within the United Stat ...