Pontpierre, France, April 24, 2024
– La Française de l’Énergie (Euronext: FDE – ISIN: FR0013030152), producer of energy with a negative carbon footprint, reaches a
turnover over the first nine months of the 2023 financial year amounting to €26.6 million, with a further improvement in the volumes of electricity sold (+19% compared to last year),
in a context of still volatile energy prices.
|
In millions of euros |
2024* |
2023 |
CA 1st semester (July-Dec) | 17.4 | 21.3 |
CA 3 | 9.2 | 10.4 |
|
CA 9 months |
26.6 |
31.7 |
*Unaudited figures
A solid recurring revenue base, in a volatile market environment
Income linked to electricity production
rise
to €18.8 million at the end of March 2024, with an increase in volumes of 19%,
thanks to the good performance of the cogeneration park in France and Belgium, and the increase in photovoltaic solar capacity associated with the 15 MW park in Tritteling, despite less favorable prices than last year. To date, c. 70% of electricity production in FY2025 is set around €100/MWH.
Over the first 9 months of the 2024 financial year,
the gas production activity shows a turnover of €6.7 million
, in a context of falling market prices with an average selling price of €39/MWH. As a reminder, the Group has two ongoing procedures with GRTgaz for compensation for the damage suffered and the loss of income, for an amount, not recorded to date, of c. €8 million as of October 30, 2023, date of the last independent estimate.
THE
income from the sale of heat
linked to the Béthune project and the solar thermal power plant in Creutzwald, amount to
€310K
over the period.
The contribution of
Cryo Pure,
associated with the operation and maintenance of Bio-LNG and Bio-CO production units
2
in Ireland and Norway, is
474 K€,
awaiting the commissioning next year of the new Bio-LNG and Bio-CO production site
2
in Stavanger, Norway, with a strong increase in turnover expected.
The revenues associated with the integration of
Greenstat
following the finalization of the acquisition on February 22, 2024, amount to
360 K€
for the current quarter, and are mainly related to engineering, procurement and construction (EPC) works, providing sales and installations of solar energy systems.
Growth in Group revenues confirmed for FY 2025
FDE continues to optimize the valuation of its existing assets (setting future prices by taking advantage of the volatility of current markets), as well as its organic growth, with the implementation of
local low-carbon energy solutions, and in particular 4 additional cogenerations in Hauts-de-France in the coming months
.
In Norway, its subsidiary Biogy Solutions AS has launched the associated work
to the start of production by the beginning of 2025 of its new Bio-LNG and Bio-CO2 production unit in Stavanger.
The unit will produce 100 GWh of Bio-LNG, 13,000 tonnes per year of Bio-CO
2
liquid and 155,000 tonnes of organic fertilizer, and anticipates
generate more than €15 million in annual revenue
on this installation. This unit will contribute to the strong growth in the Group’s turnover, in the same way as the other two
similar projects in Bergen and Laerdal
for which the Group has launched the authorization processes and submitted requests for financial support to the Norwegian Ecological Transition Agency.
Furthermore, FDE,
now owning and operating several solar power plants in Europe for 64 MW
continues its photovoltaic development, particularly in Norway where the Group has just launched
construction of the third ground-based power plant in the country at Engene, with a capacity of 5.8 MWp, which will come into production by the end of 2024.
Work on the future photovoltaic power plant
Brandsrud with a capacity of 11.5 MWp
will be launched in 2025 for a
put into production at the end of 2025
.
Finally, the Group, via its subsidiary Greenstat, continues to advance its engineering work with a view to
construction of the green hydrogen production site in Agder
in Norway which will be carried out in two phases: a first phase will see the commissioning
with a capacity of 20 MW
intended to supply green H2 to the maritime industry
early 2026, the second tranche of 40 MW will be launched in 2027
.
These different projects will thus contribute to the creation of a
leading European operator dedicated to achieving carbon neutrality.
FDE thus reiterates its objectives of annualized turnover of more than €100 million, an EBITDA of more than €50 million, combined with more than 10 million tonnes of CO emissions.
2
eq avoided per year by 2026.
Next appointment:
Capital Markets Day, May 30, 2024
Annual turnover 2024, July 23, 2024
La Française de l’Énergie is eligible for PEA and PEA-PME
|
Reuters code: FDE.PA |
Bloomberg code: FDE:FP | |
|
Press Contact + 33 (0)3 87 04 34 51 |
Investor Relations i [email protected] + 33 (0)3 87 04 34 51 |
About La Française de l’Énergie (FDE)
FDE is an SME with a negative carbon footprint, specializing in the establishment of energy production and recovery sites via short circuits. FDE supplies regional players with gas, electricity and heat, thus replacing imported energy with cleaner, local energy. FDE has strong development potential and aims to become a leading independent player in the energy sector in Europe.
For more information, go to http://www.francaisedelenergie.fr/
This press release contains forward-looking information regarding the prospects and growth strategies of FDE and its subsidiaries (the “Group”). These elements include indications relating to the Group’s intentions, its strategies, its growth prospects and trends concerning its operating results, its financial situation and its cash position. Although these indications are based on data, assumptions and estimates that the Group considers reasonable, they are subject to numerous risk factors and uncertainties so that the actual results may differ from those anticipated or induced by these indications due to a multitude of factors, in particular those described in the documents registered with the Financial Markets Authority (AMF) available on the FDE website (www.francaisedelenergie.fr). The forward-looking information contained in this press release reflects the indications given by the Group as of the date of this document. Unless legally required, the Group expressly disclaims any commitment to update these forward-looking elements in the light of new information or future developments.
This publication has the “🔒 Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
ym2aaMppZWmXlW5slptsm2ZmaGaSx2LJZZSYk5SblZ2YbGmTlW5qbMfKZnFmmGVv
– To control this key:
https://www.security-master-key.com.
Regulated information:
Quarterly financial information:
– Financial information for the third quarter
Full and original press release in PDF format:
https://www.actusnews.com/news/85309-ca-q3-2024_fr-vf.pdf
© Copyright Actusnews Wire
Receive future company press releases free of charge by email by subscribing to www.actusnews.com