Mint: impacted by soaring electricity prices











Photo credit © Reuters


(Boursier.com) — At mint, the operating performance for the year includes the massive acquisition efforts made during the first part of the year through marketing campaigns and aggressive commercial offers. In the second half of the year, the gross operating surplus was marked by the unprecedented rise in electricity purchase prices during the month of December.

This dazzling increase in tariffs linked to a cold spell considerably increasing the energy consumption of households was further reinforced by the shutdown of certain French nuclear power plants.

The operating result shows a deficit of -2 ME against 2.5 ME as of December 31, 2020.

Net income for the year was -2.3 ME compared to 2 ME at December 31, 2020.

The robustness of Mint’s financial structure makes it possible to approach the new fiscal year more calmly with conditions for the purchase of electricity and gas still degraded by flexible tariff increases from the start of the fiscal year.

The Company’s good financial situation also gives Mint additional agility in this deteriorating context and thus makes it possible to seize all opportunities for rebound, such as the acquisition of the Planète OUI brand.


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