Aera Group Reports First Half Year 2022 Interim Results
26 July 2022
Paris – July 28, 2022 – Aera today announced its interim financial results for the first half fiscal year ended June 30, 2022. The company posted a semestrial record revenue of €13.3 million, up 122 percent year-on-year, and a benefit of €2.9 million.
Q1 and Q2 highlights
Aera delivered 1.3 million tCO2 from Jan 1st to June, 30. This is twice less than expected due to an unprecedent backlog from the international registries in the carbon credits issuance process. The time for issuance from registries has increased in such magnitude that volume issued at a global scale has been slashed down by four in 2022. However, the target for Aera is still to deliver close to 10 million tCO2 by year end. Most of the deliveries delayed are now expected to occur on the second half of the year.
Aera closed 64 transactions, mostly OTC, on a spot and forward basis and sold 5.1 million tCO2 during the first half of 2022. Commercial activity remained strong with the demand support from the oil & gas industry as well as the energy and the financial sectors and carbon aggregators.
Sales outside continental Europe have peaked and Aera is now well placed to strike larger deals in UK, Australia, Canada and USA (together more than 70% of book order).
The book order of Aera has a total secured gross margin till 2030 standing at €38 million. The potential gross margin based on the volume to be sold is estimated at €161 million.
“Demand across the voluntary carbon market is strong despite fears of global recession and macroeconomic uncertainty. Net zero pledges and carbon neutrality commitments by 2050 underpin more stringent regulation from governments and enhanced voluntary action from corporates. Offsetting is one of the most efficient and rapid way to channel revenues for carbon reduction projects in Africa. Climate urgency require to scale up action. That’s our focus and drive for the coming months.”
Ce site Web utilise des cookies pour améliorer votre expérience lorsque vous naviguez sur le site Web. Parmi ceux-ci, les cookies classés comme nécessaires sont stockés sur votre navigateur car ils sont essentiels au fonctionnement des fonctionnalités de base du site Web. Nous utilisons également des cookies tiers qui nous aident à analyser et à comprendre comment vous utilisez ce site Web. Ces cookies ne seront stockés dans votre navigateur qu'avec votre consentement. Vous avez également la possibilité de désactiver ces cookies. Mais la désactivation de certains de ces cookies peut affecter votre expérience de navigation.
Necessary cookies are absolutely essential for the proper functioning of the website. These cookies provide the basic functionality and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 mois
This cookie is set by the GDPR Cookie Consent plugin. The cookie is used to store the user's consent for cookies in the "Analytics" category.
cookielawinfo-checkbox-necessary
11 mois
This cookie is set by the GDPR Cookie Consent plugin. The cookies are used to store the user's consent for cookies in the "Necessary" category.
Statistical cookies are used to understand how visitors interact with the website. These cookies provide information about visitor metrics, bounce rate, traffic source, etc.
Cookie
Duration
Description
Google Analytics
11 mois
This cookie is used to collect site usage statistics.