Direct Energie : 2017 revenue

PRESS RELEASE Paris, 28 February 2018 2017 revenueSustained growth in revenue, up 16.2% to €1,966 million Excellent sales performance: growth of nearly 24% in the customer portfolio (2,616,000 sites at end-2017)2017 current operating income target of €100 million confirmedDouble...

London, 28/02/2018 (informazione.news - comunicati stampa - energia)

Paris, 28 February 2018

Q4 2017, marked by variable weather conditions including record highs in October (*) which have negatively impacted the consumption of electricity and gas, confirms the Group's ongoing growth dynamics with a 17.7% increase in revenue to €596.4 million. Restated for the €10.9 million contribution by the Quadran Group, consolidated since 31 October 2017, the growth in revenue for Q4 2017 reaches 15.6%.

For the year, consolidated revenue amounts to €1,966.3 million, up 16.2% (15.5% excluding the contribution of the Quadran Group). 

This performance reflects the positive contribution of all business segments:

In 2017, the Quadran Group commissioned new projects totalling 187 MW, increasing its gross installed capacity to nearly 550 MW, of which 374 MW in wind power and 157 MWc in solar power. This strong development, which is set to continue, will be fully reflected in the 2018 results.

In a stiffer competitive environment, the pace of acquisitions once again increased, with gross acquisitions of nearly 950,000 new customer sites during the year (+21.4% compared to 2016), of which 512,000 sites in the second half of 2017 (+26.1% compared to H2 2016). This commercial success is mainly due to the acquisition of residential customers (863,000 sites), but also to the ongoing acquisition of non-residential customers (86,000 sites) after an exceptionally high acquisition pace in 2016 that benefitted from the termination of the regulated "yellow" and "green" tariffs as from 1 January 2016.

With 495,000 net acquisitions during the year, the Group's customer portfolio in France totalled 2,558,000 sites at end-2017 compared to 2,063,000 sites at end-2016, representing an increase of 24%.

The Belgian business continued its controlled commercial development with a portfolio that reached 58,000 customer sites at end of 2017, showing an 11.5% increase over the period.

These commercial results, combined with a balanced vertical integration strategy, enable the Group to confirm its 2017 target of current operating income of €100 million.

Xavier Caïtucoli, CEO of Direct Energie, said:

 

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 in 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.

For more information, visit our website www.direct-energie.com

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

Cindy David - Cindy.david@cmcic.fr - Tel + 33 (0)1 53 48 80 54

Investor Relations: Mathieu Behar - mathieu.behar@direct-energie.com  - Tel +33 (0)(1) 73 03 74 (16)
Press Relations: Frédérique Barthélémy -  frederique.barthelemy@direct-energie.com - Tel +33 (0)1 73 03 78 72