Blue Solutions : FY 2018 revenue
14 Février 2019 - 6:00PM
Revenues decreased in line with forecast pending the start of new
production operations
-
Q4 2018 revenue: €8.9 million down 36% at
constant scope and exchange rates (down 36% on a reported basis)
compared to fourth quarter of 2017
-
FY 2018 revenue: €38.2 million, down 53% at
constant scope and exchange rates (down 53% on a reported basis)
compared to fiscal year 2017.
Blue Solutions is one of the very few global
companies producing solid-state batteries, considered by many to be
the future technology for energy storage.
The first production version of this battery
enabled the powering of vehicles for numerous car-sharing
operations around the world: Paris, Lyon, Bordeaux, Turin,
Indianapolis, London, Los Angeles, and more recently Singapore. Its
technology has proven to be robust and efficient. It was the
same for the buses. During the 2018 fiscal year, Bluebus sold
18 buses in the 6-meter class and 23 in the 12-meter class (versus
23 and 22 respectively in 2017). Bluebus received an order from the
RATP for 41 buses in the 12-meter class, which are scheduled for
delivery in 2019. Blue Solutions decided to produce a vastly
improved version of its dry battery to serve as an alternative to
lithium-ion models. To this end, the Canadian plant was shut down
and the Brittany plant should be shut down soon, in order to
transform the manufacturing equipment. Both plants will completely
resume operations in the fall of 2019.
Besides continuing to supply more efficient
batteries for the bus industry, Blue Solutions is participating in
calls for tenders for stationary energy storage systems.
Blue Solutions also invests in research and
development for solid-state batteries operating at ambient
temperature.
It should be remembered that the Bolloré Group is
committed to launching a tender offer at a price of €17 per Blue
Solutions share during the first half of 2019.
(in millions of euros) |
4th quarter |
12-month Aggregate |
|
|
2018 |
2017 |
Growth |
Growth |
2018 |
2017 |
Growth |
Growth |
|
|
|
reported |
organic |
|
|
reported |
organic |
Blue Solutions |
8.9 |
13.9 |
(36%) |
(36%) |
38.2 |
80.7 |
(53%) |
(53%) |
At constant consolidation 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.
Change in revenues per quarter |
(in millions of euros) |
1st quarter |
2nd quarter |
3rd quarter |
4th quarter |
|
2018 |
2017(1) |
2017 |
2018 |
2017 (1) |
2017 |
2018 |
2017 (1) |
2017 |
2018 |
2017(1) |
2017 |
Blue Solutions |
11.2 |
19.4 |
19.5 |
9.7 |
35.3 |
35.3 |
8.4 |
12.0 |
12.0 |
8.9 |
13.9 |
13.9 |
(1) at constant consolidation 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 : FY 2018
revenue
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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