Blue Solutions: 2019 Revenue
13 Février 2020 - 5:45PM
Blue Solutions: 2019 Revenue
Decline in revenue in line with
forecasts, pending the start of new productions
At the end of December 2019, Blue
Solutions revenue was €26.4 million, compared to €38.2 million at
the end of December 2018. In 2018, however, the figure
included €12.5 million in revenue from Bolloré for a research
agreement that has now ended.
Sales of traditional battery accounted for €13.9
million in revenue at the end of December 2019 (427 batteries
sold), compared €13.1 million at the end of December 2018 (383
batteries sold). Sales of prototypes totaled €5.3 million at the
end of December 2019.
Battery production at the end of December 2019
totaled 374 units, compared to 342 in 2018 over the same period.
Total battery inventories stood at 420 units at the end of 2019,
compared to 1,067 units at December 31, 2018.
As expected, the conversion of the production
plants in Canada and Brittany is continuing for the development of
the new generation of batteries with higher performances and lower
production costs that will be produced starting in 2020.
The Bolloré Group notes that, following the
simplified tender offer for the Blue Solutions shares in July 2017,
it undertook to launch a tender offer to buy Blue Solutions shares
for 17 euros in the first half of 2020(1).
A detailed update on Blue Solutions will be
given when the 2019 results are published on March 12, 2020.
(1) The terms of
this commitment can be found in section 1.3.1 of the Bolloré SA
Securities Note approved by the AMF on July 4, 2017 (approval no.
17-326).
|
(in millions of euros) |
4th quarter |
12 months cumulative |
|
|
|
2019 |
2018 (2) |
Reported |
Organic |
2019 |
2018 (2) |
Reported |
Organic |
|
|
|
|
growth |
growth |
|
|
growth |
growth |
|
Blue Solutions |
4.7 |
9.0 |
-47% |
-48% |
26.4 |
38.3 |
-31% |
-31% |
(2) at constant scope and exchange ratesAll 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.
|
Quarterly change in revenue |
|
(in millions of euros) |
1st quarter |
2nd quarter |
3rd quarter |
4th quarter |
|
|
2019 |
2018 (2) |
2018 |
2019 |
2018 (2) |
2018 |
2019 |
2018 (2) |
2018 |
2019 |
2018 (2) |
2018 |
|
Blue Solutions |
5.0 |
11.2 |
11.2 |
10.4 |
9.7 |
9.7 |
6.2 |
8.5 |
8.4 |
4.7 |
9.0 |
8.9 |
(2) at constant scope and exchange ratesAll 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.
- 2020 02 13_Blue Solutions CA FY19_EN
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