(Boursier.com) — The company mint (ex. Budget Telecom), supplier of eco-responsible Energy and Telecom services for the greatest number and at the best price, publishes an annual turnover of 107 ME (excluding taxes collected) up 40% against 64, 2 ME as of December 31, 2020. This fully organic increase in activity demonstrates the relevance of Mint’s positioning as a green, committed and innovative supplier.
Energy activity: turnover of more than 100 ME
In a context of the Energy market jostled by the dazzling evolution of purchase prices, the Group achieved an Electricity turnover of 102 ME excluding taxes. As expected, the tariff revisions implemented by Mint and made necessary by the unprecedented evolution of energy prices are at the origin of the departure of certain customers. The implementation of these measures has enabled the Group to stabilize the size of its subscriber base loyal to the Mint brand at 110,000 customers.
Still in energy, the Group generated revenue of €1.5m for its Gas offer offered exclusively to Mint customers.
In telecoms, annual revenue amounted to 3.5 ME, compared to 3.7 ME at December 31, 2020. At the end of 2021, the group had a customer portfolio of 18,000 subscribers, growing and driven by customers. benefiting from a mobile offer.
2021 results strongly impacted by the rise in electricity prices
In terms of results, the persistent rise in energy costs should translate into a mechanical and transitory impact on the profitability of the financial year pending the increase in regulated electricity sale tariffs effective on the 1st February 2022 linked to changes in wholesale market prices in 2021.
EBITDA should in particular be 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. In this context, despite this severe deterioration in the environment over the second half of the year, Mint should make a loss in the second half of the year equivalent to that made during the first half of the year thanks to the rapid adaptation measures taken by the Group. . This development, although below the objectives initially set, would constitute a good performance given the even more degraded market conditions at the end of the financial year.
Commercial reconquest in 2022
These changes imposed by current market conditions do not call into question the Company’s ongoing and historical commitment in terms of price and quality of service both in favor of the consumer and in the interests of the Company and its shareholders. In this perspective, despite a market context that could remain demanding, the Group intends to relaunch its voluntary customer acquisition policy from the second quarter of 2022. Thanks to a particularly healthy financial structure, the Group is considering all opportunities that will allow it to accelerating its commercial objective both through organic development and through external growth.
Change of periodicity for the publication of consolidated turnover
In order to provide better visibility to its shareholders regarding the company’s annual sales, Mint has decided to make a change in the frequency of communication of its figures to the market. Until now positioned before the first half of February, the communication concerning the annual turnover will now be scheduled from the end of the third month following the corresponding closing date. This new deadline, in accordance with stock market regulations on Euronext Growth, will allow Mint to share more robust information.