Green gas-to-power drives first positive cash flow
EARNINGS/SALES RELEASES
FACT

Q1 17/18 (to September 2017) revenues more than doubled to €1.4m.


ANALYSIS

The growth is pulled by the green gas-to-power business in Northern France, which contributed €0.8m. LFDE’s plants have generated 15GWh since the start of operations at the end of June.
The company is assessing new locations to increase capacity, and expects to make the investment decisions in early 2018.

In Lorraine (Eastern France), the production test in Lachambre is giving good results; gas output should be ramped up during the next few months.

LFDE posted its first positive cash flow starting in August.

We expect the company to continue to roll out its plan to provide an economically and ecologically competitive clean energy for local consumption in both Northern France and Lorraine.


IMPACT

The release confirms the growth potential of LFDE.