DIRECT ENERGIE Press release |
Paris, May 12th 2015
Quarterly Financial Information
25% growth in turnover
Strong commercial performance
2015 annual targets confirmed
| In € million (unaudited) | Q1 2015 | Q1 2014 | Variation |
| Turnover (excluding Energy Management) | 317,5 | 254,9 | +24.6% |
| Gross Turnover | 318,3 (1) | 255,1 (2) | +24.8% |
| (1) of which €318.5 million in retail, €0.2 million in generation and (€0.4 million) of intra-group |
| (2) of which €255.4 million in retail, €0.4 million in generation and (€0.7 million) of intra-group |
Acceleration in the client acquisition pace
The group posted turnover, excluding Energy Management, of €317.5 million during Q1 2015, showing a 24.6% increase compared to Q1 2014. Gross turnover, including Energy Management contribution, amounted to €318.3 million up 24.8%.
This performance, delivered with temperatures close to the averages whereas Q1 2014 suffered from a mild winter, relies on a continuous dynamic acquisition pace with 109,000 customer sites acquired over the period compared to 87,000 in Q1 2014 (+25% increase). As of 31 March 2015, the group served 1,335,000 customer sites (compared to 1,137,000 as of 31 March 2014).
2015 targets confirmed
Thanks to this dynamic in growth, Direct Energie confirms its targets for 2015
- The acquisition of 450,000 new customers sites
- +15% growth in turnover at normal temperatures
- +25% increase in current operating income
Besides, the group announces the closing of a €60 million syndicated credit facility, confirmed over a three-year period, which increases its financial flexibility.
The State representative in Finistère granted to "Compagnie Electrique de Bretagne" (CEB) authorisation to build and operate a CCGT in Landivisiau through the delivery of ICPE (Installations classes pour la protection de l'environnement).
In Belgium, the group pursues its commercial development and is now able to address the whole territory.
About Direct Energie
Direct Energie is France's third-largest electricity and gas provider, serving nearly 1.4 million customers sites (residential and businesses). Direct Energie has also developed its offer for companies and local authorities, with more than 100,000 delivery points.
As an integrated energy group in France, Direct Energie produces and supplies electricity, supplies gas, and offers energy services to its customers. The group is also operating in Belgium.
In 2014, the group generated turnover in excess of €810 million and delivered 8.4TWh of energy.
Direct Energie's success has been underpinned for more than the past decade by its technical expertise, excellent customer relationships and capacity for innovation.
Direct Energie is listed on the Alternext compartment of Euronext Paris Stock Exchange (ALDIR / FR0004191674).
For more information, visit our website www.direct-energie.com:
http://www.direct-energie.com
Press contact:
Image Sept
Grégoire Lucas - glucas@image7.fr:
mailto:glucas@image7.fr - Tel + 33 (0)1 53 70 74 94
Marie Artzner - martzner@image7.fr:
mailto:martzner@image7.fr - Tel + 33 (0)1 53 70 74 31 or + 33 (0)6 75 74 31 73
CM CIC Securities
Stéphanie Stahr - stephanie.stahr@cmcics.com:
mailto:stephanie.stahr@cmcics.com - Tel + 33 (0)1 53 48 80 57
Direct Energie
Ivan Roussin - ivan.roussin@direct-energie.com:
mailto:ivan.roussin@direct-energie.com - Tel +33 (0)6 19 30 05 03
Mathieu Behar - Mathieu.behar@direct-energie.com:
mailto:Mathieu.behar@direct-energie.com - Tel +33 (0)6 12 48 85 85
http://hugin.info/143545/R/1921166/688441.pdf
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
