La Française de l’Energie : A Strategic Financial Year
05 Juillet 2017 - 07:24PM
Business Wire
- First year with annual revenues of
€3,676 million
- Launch of gas to green power
production
- Acceleration of our developments in
Eastern and Northern France
Regulatory News:
La Française de l’Energie (Paris:LFDE):
In thousands of €
2016/2017 2015/2016
Revenue at 9 months 2 895 0 Revenue 4th quarter
781 0
Annual revenue 3 676
0
La Française de l’Energie (Euronext: LFDE - ISIN:
FR0013030152), leader in industrial ecology, posted an annual
revenue of €3,676 million for the 2016/2017 financial year.
During the financial year, following the completion of the
Gazonor acquisition in Northern France, La Française de l’Energie
(LFDE), steadily accelerated its development in line with its
business plan. Some of its key achievements include the completion
of its first gas well in Lachambre currently being tested and the
successful launch of its gas to green power activity in Northern
France.
The gas sale to TOTAL Gas & Power from the Avion site
amounted to €781k during the 4th quarter.
In accordance with the development plan, since end of June 2017,
6 gas engines are now operating on four sites, representing a total
installed capacity of 9 MW. These production facilities qualify for
the guaranteed 15 years feed-in tariff and will contribute to the
significant growth of La Française de l’Energie’s revenues and
profitability from July 2017 onwards.
Prospects confirmed
Along with this overall growth of its production in Northern
France, the first results of the ongoing production test of the
Lachambre well in Lorraine are expected this summer with gas sales
to local gas consumers expected on the back of this test. The Group
is in discussion with several industrial partners to finalize an
off-take agreement to monetize this local gas resource that is
competitive both from an ecological and economic point of view.
LFDE will also actively pursue its development in Northern
France and accelerate its profitable growth. Almost 20 additional
sites have already been identified and are currently being analyzed
to increase the volume of captured gas.
Thanks to these major structural achievements, La Française
de l’Energie should show a significant increase in activity for the
2017/2018 financial year and confirms its target of around €35M in
revenue by 2020.
Next event: Annual results, 19 September 2017 (close of the
market)
Reuters code: LFDE.PA
Bloomberg code: LFDE.FP
About La Française de l’Energie
La Française de l’Energie is a SME headquartered in Lorraine,
leader in industrial ecology, specialised in gas recovery in the
former coal mining basins of North and Eastern France. La Francaise
de l’Energie provides gas, green electricity and heat to regional
consumers, replacing imported energy with a cleaner local
alternative. La Française de l'Energie benefits from a strong
growth potential and aims to become a major energy player in
Europe. The company has also been awarded the innovative enterprise
label by Bpifrance.
More information on: www.francaisedelenergie.fr
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