Blue Solutions : Third Quarter 2018 financial information
15 Novembre 2018 - 5:50PM
Third Quarter 2018 financial information |
November 15, 2018 |
-
At the end of September 2018, the consolidated
revenue of Blue Solutions stood at €29.3 million, down by 56%
compared to the end of September 2017 (€66.8 million). In the
3rd quarter, the
revenue of Blue Solutions stood at €8.4 million, down by 30%
compared to the 3rd quarter 2017
(€12.0 million).
-
This trend is explained by the slowdown in
batteries production until the new technology version is launched.
The new version is expected to be introduced next summer.
Therefore, sales of batteries (a total of 316 batteries sold for
the first 9 months of 2018 compared to 1,283 at the end of
September 2017) only covered current production needs. To be noted:
the increase in sales of batteries to Bluebus (a total of 279
batteries sold over 9 months in 2018, against 275 at the end of
September 2017) and to Bluestorage (a total of 15 batteries over 9
months in 2018, against none at the end of September
2017).
-
In addition, Bluebus sold 17 buses of 6 meters
and 13 buses of 12 meters over the first 9 months. By the end of
2018, 13 buses of 12 meters should be delivered, as well as 4 buses
of 6 meters, bringing the annual total to 25 vehicles of 6 meters
and 25 of 12 meters. Lastly, over the first 9 months, Bluebus
received an order for 41 buses of 12 meters for the RATP, for which
delivery is planned in 2019.
Change in Third Quarter 2018
Revenue |
(in millions of euros) |
3rd quarter |
9 month total |
|
|
2018 |
2017 (1) |
Published |
Organic |
2018 |
2017 (1) |
Published |
Organic |
|
|
|
growth |
growth |
|
|
growth |
growth |
Blue Solutions |
8.4 |
12.0 |
(29.9%) |
(29.9%) |
29.3 |
66.7 |
(56.2%) |
(56.1%) |
(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.
Change in Revenue by quarter |
(in millions of euros) |
1st quarter |
2nd quarter |
3rd quarter |
|
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 |
(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 2018
financial information
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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