Direct Energie : Q1 2018 turnover
14 Mai 2018 - 5:45PM
Press
release
Paris, 14 May 2018
Q1 2018
turnover
Increase in activity: +25.7% at €489.8m
Ongoing commercial growth in
France: 287,000 customer sites acquired
€ m |
|
Q1 2018 |
Q1 2017 (**) |
Change |
|
|
|
|
|
3 Month Revenue from Ordinary Business
(*) |
|
489.8 |
389.8 |
25.7% |
Of which Revenue excluding Energy Management
margin |
|
483.5 |
358.0 |
35.1% |
Of which Contribution of Energy Management
margin |
|
6.3 |
31.8 |
-80.2% |
(*) unaudited
data, estimated revenue, breakdown by segment presented in the
Appendix
(**) retroactive
application of the implementation of IFRS 15 in the 2017 financial
year
Expanding
activity
Q12018 turnover posts again a
strong growth, reaching €489.8m. This new 25.7% increase compared
to Q1 2017 is due to:
-
the continued sales momentum in France
which results in a 26.4% increase in the contribution of the
Commercial Trade segment to €451.5m (€357.1m for the same period in
2017);
-
the first contribution of the Renewable
Energy segment at €32.1m following the consolidation of Quadran
Group starting 31 October 2017;
-
the decrease in the production of
flexible assets (Bayet and Marcinelle gas power plants) to 430 GWh
compared to 930 GWh in Q1 2017, which translates with the decline
in the Production segment to €6.3m compared to €32.7m over the same
period in 2017. The main explanation comes from a change in the
market price environment: indeed, whereas wholesale electricity
prices have been relatively stable over Q1 2018, the first months
of 2017 were marked by strong volatility notably due to the
unavailability of the nuclear plants.
Continued
commercial growth in France
The Group acquired 287,000
customer sites during the first quarter, significantly higher than
Q1 2017 which was already a record with 233,000 new sites.
The momentum mainly remains driven
by the Residential segment (207,000 customer sites acquired), but
also by the "Large account" under segment with the acquisition of
67,000 sites compared to 21,000 over the same period in 2017. This
performance confirms the Group's strategy to continue its
development in a balanced way across all consumer segments.
As of 31 March 2018, the customer
portfolio amounts to 2,704,000 sites, up 5.7% compared to 31
December 2017.
ISIN code: FR0004191674 / LEI code:
969500AZY2G5SSJC5G90
Ticker symbol: DIREN/ Euronext Paris, Compartment
A
About Direct
Energie
As France's leading alternative
energy player, Direct Energie positions itself as the energy
operator of the 21st century by focusing its strategy on customer
satisfaction, innovation and the development of the energies of the
future. Operating in France (continental and overseas territories)
and Belgium, the Group supplies electricity and gas to over 2.6
million residential and non-residential customer sites. Direct
Energie also produces electricity through renewable production
facilities (onshore wind, solar, hydraulic, and biogas) and
conventional plants (natural gas combined cycle), located
throughout the region.
In 2017, the Group achieved
consolidated revenue of €1,966 million (€1,141 million restated
with the impact of the implementation of the standard IFRS 15,
mandatory as from 1 January 2018).
For more information, visit our
website www.direct-energie.com
Press contact
Image Sept:
Grégoire Lucas - gregoire.lucas@image7.fr -
Tel + 33 (0)1 53 70 74
94
Marie Artzner - martzner@image7.fr - Tel +
33 (0)1 53 70 74 31 or + 33 (0)6 75 74 31 73
CM CIC Market Solutions
Stéphanie Stahr - stephanie.stahr@cmcic.fr - Tel +
33 (0)1 53 48 80 59
Direct Energie
Investor Relations: Mathieu Behar -
mathieu.behar@direct-energie.com - Tel +33 (0)1 73 03 74 16
Press Relations:
relations-presse@direct-energie.com - Tel +33 (0)1 73 03 78
72
Segment reporting (*)
In thousands of euros |
|
Commercial Trade |
|
|
Production |
|
Renewable Energies |
|
Total |
|
Total |
|
|
France |
Belgium |
|
|
France |
Belgium |
|
France |
|
France |
Belgium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue at 31 March 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from ordinary activities |
|
444,528 |
6,973 |
|
|
3,691 |
2,576 |
|
32,059 |
|
480,278 |
9,549 |
|
489,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue at 31 March 2017 (**) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from ordinary activities |
|
350,893 |
6,206 |
|
|
25,553 |
7,117 |
|
- |
|
376,446 |
13,323 |
|
389,768 |
(*) unaudited data,
(**) retroactive application
of the implementation of IFRS 15 in the 2017 financial year
Direct Energie: Q1 2018
revenue
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: Direct Energie via Globenewswire