Agripower France (“Agripower” or the “Company”), a player in the energy transition and integrator of methanisation solutions, today published its turnover at €10.4 million, up 22.8% , for fiscal year 2021-2022, ending June 30, 2022.
In €m |
2021-2022 |
2020-2021 |
Var. in % |
|
Annual sales |
10.4 |
8.4 |
+22.8% |
2021-2022 REVENUE AT €10.4M, UP 22.8% WITH A STRONG ACCELERATION IN ACTIVITY IN THE SECOND HALF
After a first half (June to December 2021) up 3% compared to the first half of the 2020-2021 financial year, Agripower recorded a strong acceleration in its growth in the second half with a turnover of 6.4 M€ up 39.4% compared to the second half of 2020-2021. Over the entire 2021-2022 financial year, Agripower delivered 16 individual units and 3 collective units.
Agripower achieves an annual turnover of 10.4 M€, representing a growth of 22.8% compared to the previous financial year. Agripower is showing significant growth rates in its three business segments.
Individual methanation activity
1
posted revenue of €5.2 million for the full year, up 10.6% compared to the 2020-2021 financial year, which does not yet reflect the excellent momentum of the acquisition current orders. On the collective units, Agripower recorded a clear increase of 36.9% in its turnover (€4.4 million against €3.2 million in the previous financial year), the result of the success of the targeted actions carried out on the projects of collective methanization.
Thanks to the expansion of the installed base and proactive commercial actions, the recurring turnover of associated services (consumables, maintenance, after-sales service) also rose sharply over this financial year to €0.8 million, an increase of 45% compared to compared to the previous year.
This level of activity will enable the Group to deliver a net profit over the past financial year.
As of June 30, 2022 and after the annual review of signed contracts, out of 107 active signed projects
2
6 biogas units are being installed (3 collective units and 3 individual units) and 101 units are in the study/engineering phase.
SHARP INCREASE IN ORDERS TO €21.3 M AND GROWTH IN THE ORDER BOOK TO €30.2 M AS OF JUNE 30, 2022
Over the 2021-2022 financial year, the order intake amounted to 54 new projects divided between 51 individual units and 3 collective units, including a first internationally, for a total amount of €21.3 million (compared to 7 €.7 million for the 2020-2021 financial year). This level reflects the fruit of the success of the increased commercial presence with the strengthening and structuring of the commercial teams and the expansion of the offer offered to farmers and agri-food manufacturers.
Agripower thus launched in March 2022 a co-operation offer, Agripower Partner, in order to facilitate access to financing solutions for individual units, a real asset in the marketing of individual units with 13 units signed and numerous files in progress. negotiation course. The Company also made, during the second half of 2021-2022, its first sale as part of its innovative individual micro-methanisation solution offer, URBANPOWER
®
for the food industry.
Agripower is reaping the first fruits of its “dry” methanization offer launched in June 2021 and intended for all livestock farms producing manure (cattle, goats, pigs, horses, etc.) highly sought after by farmers and agricultural cooperatives wishing to benefit their members.
As of June 30, 2022, the Company thus had a high order book of €30.2 million.
3
to be achieved by the end of 2023, i.e. nearly 3 times the turnover of the past financial year.
REITERATED CONFIDENCE IN THE TRAJECTORY OF PROFITABLE GROWTH
With good visibility and significant commercial development levers linked to new offers, the Company intends to continue this growth dynamic in the short and medium term in order to consolidate its leadership in this high-potential market in France but also in the countries neighbors and internationally under-equipped in individual and collective methanation.
In addition to its reinforced sales force, Agripower will be able to rely, particularly in France, on its portfolio of “business provider” partnerships. The Group thus announces the signing of a new agreement with a cooperative of 1
er
plan which brings together more than 20,000 farmers in the West. This high-potential partnership adds to the 4 others already signed
4
over the 2021-2022 financial year in a context that is still favorable to the installation of solutions in favor of the energy transition and in a high-potential French market.
Agripower thus affirms its confidence in its trajectory of profitable growth in a market driven by strong economic and political incentive in the energy transition, reinforced by the current environmental crisis. The Company thus reiterates its objective of reaching a turnover of €40 million in 2024 and becoming one of the major players in the energy transition in France.
Next press release: Results for the 2021-2022 fiscal year – Thursday, October 13, 2022
Find all the information on the site
www.agripower-france.com
ABOUT AGRIPOWER
Created in 2012, Agripower is an integrator of methanization solutions, particularly in the agricultural sector, which supports its customers in the design and construction of methanization units.
A player in the inclusive energy transition, Agripower develops methanation units, a process for transforming organic input materials (waste) into biogas. Agripower is positioned in two methanisation segments: on the one hand, collective methanisation solutions, intended for local authorities, groups of farmers or industry (agri-food), and on the other hand, individual methanisation products for medium-sized farms. With 82 individual or collective units installed and operational, Agripower is one of the French leaders in its markets.
In 2021-2022, Agripower achieved a turnover of 10.4 million euros.
INVESTOR RELATIONS
NEWS finance & communication
Claire Riffaud
[email protected]
Such. 01 53 67 36 79
PRESS RELATIONS
NEWS finance & communication
Fatou-Kine N’Diaye
[email protected]
Such. 01 53 67 36 34
1
Individual anaerobic digestion refers to solutions by liquid route (>50kWe) and by dry route (<80kWe)
2
This review consists of determining, among the contracts signed, those which are considered active and those considered inactive
3
Based on active signed projects as of June 30, 2022
4
See press release of June 27, 2022
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Full and original press release in PDF format:
https://www.actusnews.com/news/76225-agripower_ca-2021-22_15092022_vdef.pdf
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