(AOF) – Fermentalg, French expert in microalgae, shows a drop of 7.93% to 1.39 euros after announcing the finalization, on March 14, 2023, of financing by an issue of convertible bonds for a amount of 6.3 million euros subscribed by four European investors. Philippe Lavielle, CEO of Fermentalg, declares that the year 2023 promises to be important for Fermentalg with in particular the entry into the industrial production and pre-marketing phase of its natural blue food coloring Blue Origins.
The 6,847,828 convertible bonds issued, with a unit nominal value of 1 euro and an overall nominal value of 6,847,828 euros, were subscribed at 92% of their nominal value. They will not bear interest and will mature on March 13, 2026.
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Greater disparities between utilities
The World Energy Markets Observatory highlights a wide disparity in retail energy prices in Europe. Suffering from both the effect of the rise in wholesale prices and high volatility in selling prices to end consumers, the profitability of players is under pressure. While the sixteen largest European energy suppliers benefited last year from a significant increase in their turnover (+47% compared to 2020), their gross operating margin (Ebitda margin) , deteriorated from 20.2% to 19.6%. Those who had to resort to purchasing electricity on the market had to pay these additional volumes much more expensive than the level of sale prices already set and therefore saw their margins deteriorate.
Faced with the lower availability of its nuclear fleet, EDF, renationalised, should post an annual loss of 29 billion euros in 2022. Engie is doing better because it succeeded in reducing its imports of Russian gas in the first half while benefiting from high electricity prices and its increased exposure to renewable sources.