Blue Solutions:Third quarter 2017 financial information
16 Novembre 2017 - 05:45PM
Third quarter 2017 financial information |
November 16, 2017 |
-
Third-quarter 2017 turnover:
12.0 million euros, -44% as reported and at constant scope and
exchange rates
-
Turnover for the first 9 months
of 2017: 66.8 million euros, -23% as reported and at constant
scope and exchange rates
|
Third-quarter and cumulative 9-month 2017 turnover:
-
In the first 9 months of 2017, Blue Solutions'
consolidated turnover amounted to 66.8 million euros, down 23.5%
compared with the same period in 2016 (87.3 million euros). In the
third quarter, Blue Solutions' turnover amounted to 12.0 million
euros, down 44.3% compared with the third quarter of 2016 (21.6
million euros).
This trend is attributable to a
decline in battery sales (-34% compared with the first 9 months of
2016) resulting from the weakness of the Bluecar business (1,008
batteries sold, compared with 1,810 in the first 9 months of 2016).
But sales of Bluebus batteries are clearly increasing (275
batteries sold in the 9 months to end-September 2017, compared with
161 in the same period in 2016).
-
Turnover for the first 9 months included a
10.5-million-euro contribution to Blue Solutions as part of a
partnership agreement signed in June 2017 between Blue Solutions
and Bluecar, Bluebus and Bluestorage. The aim of this research and
development cooperation agreement is to strengthen the development
potential of the batteries and their various
applications.
-
Bluecar continued to focus on research and
development during the third quarter. This effort, dating back
several months, resulted in the approval of the Bluecar Phase IV,
whose production began at the end of Q3 2017 with a view to the
launch of a car-sharing service in Singapore at the end of
December. Bluecar also recently delivered the first models of the
E-Mehari in a Courrèges limited edition.
-
Bluebus also sold 16 6-meter buses and 7
12-meter buses over the first 9 months. By the end of 2017, 18
12-meter buses should have been delivered, as well as 10 6-meter
buses. Lastly, the first 12-meter international bus sales were
concluded in October with the order of 5 buses by the Brussels
Intercommunal Transport Company (STIB) in Belgium. The first
12-meter Bluebus for this market are expected to be delivered in
2018.
(in millions of euros) |
3rd quarter |
9-month total |
|
|
2017 |
2016 (1) |
Reported |
Organic |
2017 |
2016 (1) |
Reported |
Organic |
|
|
|
growth |
growth |
|
|
growth |
growth |
Blue Solutions |
12.0 |
21.6 |
(44.3%) |
(44.3%) |
66.8 |
87.3 |
(23.5%) |
(23.5%) |
-
at constant scope and exchange rate
All amounts are expressed in millions of euros and
rounded to the nearest decimal.
As a result, the sum of the rounded amounts may differ slightly
from the reported total.
Change in turnover by quarter |
(in millions of euros) |
1st quarter |
2nd quarter |
3rd quarter |
|
2017 |
2016 (1) |
2016 |
2017 |
2016 (1) |
2016 |
2017 |
2016 (1) |
2016 |
Blue Solutions |
19.5 |
31.3 |
31.2 |
35.3 |
34.5 |
34.5 |
12.0 |
21.6 |
21.6 |
(1) at constant scope and exchange rates
All amounts are expressed in millions of euros and rounded to the
nearest decimal.
As a result, the sum of the rounded amounts may differ slightly
from the reported total.
Blue Solutions:Third quarter 2017
financial information
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Blue Solutions via Globenewswire
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