PARIS and MILAN, October 31,
2017 /PRNewswire/ --
- Revenues over the first nine months increased by 64% to
€6.6mln
- €16.3mln and 39.4MW of Order Intake[1] increased the
Orders Backlog[2] by 122% to €12.9mln
- Gross margin at 37% of reported revenues; €8.9mln cash on hand
heading into Q4
- Utility-scale storage systems and microgrids under
commissioning in Europe, Latam and
the Asia Pacific
- Sustained contract flow from the largest European utilities,
mostly on a turnkey EPC basis
- New industrial footprint now sealed in compliance with ISO
9001, ISO 14001 and OHSAS 18001
Commenting on the figures, Carlalberto Guglielminotti, Chief
Executive Officer of EPS, said:
"In the third quarter, we reaped
the result of our effort over the past three years to
affirm EPS as a leading player in decentralized
energy solutions with a unique technology
play to accelerate the energy transition. Orders from
the largest European utilities have proven our technology
leadership, competitiveness and strategic and industrial
maturity.
(Logo:
http://mma.prnewswire.com/media/468575/Electro_Power_Systems_Group_Logo.jpg
)
"We are delivering one of the
largest installed bases of commercial
microgrids and utility-scale systems
globally, maintaining a high marginality
level and strengthening our industrial footprint.
This confirms the solidity of
the Strategic Plan 2020 and enables
the continuous deployment of our disruptive
technology towards the highest
levels of engineering excellence and
operational efficiency."
STRATEGIC AND FINANCIAL HIGHLIGHTS
Over the first nine months of the year we were awarded contracts
and projects from Enel, Engie, Endesa, Terna, and Edison (EDF),
among others, for projects to be delivered mostly on a turnkey
Engineering, Procurement and Construction basis. This sealed the
international credibility of EPS Group as general contractor in the
delivery of cutting-edge microgrids and energy storage solutions to
leading utilities globally.
For full PR please visit
http://www.electropowersystems.com/all-press-releases/
For more information, visit
http://www.electropowersystems.com.
1. Order Intake consists of the aggregate contract value in
terms of MW or euros with reference to all purchase orders
received, contracts signed and projects awarded
year-to-date.
2. Orders Backlog consists of the estimated revenue and other
income attributable purchase orders received, contracts signed and
projects awarded as of the date of this press
release.
INVESTOR RELATIONS
Francesca Cocco, Vice President
Investor Relations
Tel. +33-970-467135, e-mail:
francesca.cocco@eps-mail.com
MEDIA CONTACTS
Image Building
Simona Raffaelli - Ilaria
Mastrogregori - Alexia Casaús
Tel. +39-02-89011300, e-mail: eps@imagebuilding.it