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Dolfines

CR
Bloomberg   ALDOL FP
Engineering-Heavy Constr.  /  France  Web Site   |   Investors Relation
Capital increase to bring some order
Target
Upside 319%
Price (€) 0.01
Market Cap (€M) 3.78
Perf. 1W: 17.7%
Perf. 1M: 77.3%
Perf. 3M: -29.6%
Perf Ytd: 90.0%
10 day relative perf. to stoxx600: -7.59%
20 day relative perf. to stoxx600: 86.3%
Other news/comments17/09/2020

Name change to highlight development in renewables

Fact

Following the general assembly, Dietswell takes the name of the renewables division to become Dolfines. The renewables division is now Dolfines New Energies. This highlights the company’s activities in offshore wind, which benefit from a positive momentum.

Coincidentally, the name change came the same week as BP’s annual energy outlook. The outlook, which departs strongly from previous year’s, supported management in shifting its strategy. The major now intends to redeploy a large part of its capital into low carbon activities. BP plans for a reduction of 40% of its hydrocarbons production by 2030 and a ten-fold increase in low carbon investments ($5bn by 2025). It does so as it bets on a rapid energy transition, where total investments in renewables (wind and solar) will increase from $300bn p.a. to c. $450bn p.a. by 2025 and above $600bn p.a. by 2035. BP sees renewables capacity increasing by 12% CAGR over the next decade. While this is BP’s second take at going beyond petroleum, it appears more genuine this time, as proven by BP’s $1.1bn investment in an offshore wind JV with Equinor. Time will tell if such a rapid transition is in place, but the recent updates on EU climate targets surely point towards this direction.


Updates

27 Apr 21 Earnings/sales releases
FY20: expanding services into wind

07 Feb 21 Other news/comments
Green bond issued, contract in oil & gas

12 Nov 20 Other news/comments
Another partnership to keep the momentum up

30 Oct 20 Earnings/sales releases
H1: a semester to forget in oil activities

07 Oct 20 Other news/comments
Focus stays on floater, rig inspection rebounds

17 Sep 20 Other news/comments
Name change to highlight development in rene...

28 May 20 Earnings/sales releases
FY19: revenues decline, positive environment i...

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