POWEO SA 
By PRESS RELEASE
Paris, 13 May 2014
Q1-2014 Revenues
Acceleration of customer acquisition
Turnover stable thanks to strong growth of the customer base despite unusually mild winter
2014 objectives confirmed
| € millions | 31/03/14 | 31/03/13 | ||
| Revenues (excluding Energy Management) | 254.9 | 255.2 | ||
| Margin generated by Energy Management | 0.2 | 1.2 | ||
| Revenues | 255.1 (1) | 256.4 (2) | ||
(1) o.w. €255.4 m Retail division, €0.4 m Production division and €(0.7) m Intragroup
(2) o.w. €256.5 m retail division, €0.4 m Production division, €0.1 m Other and €(0.6) m Intragroup
Q1 Revenues driven by sustained customer acquisition
Direct Energie posted revenues, excluding Energy Management, of €255 m in Q1-2014, in line with Q1-2013 revenues. This performance was achieved despite unusually high temperatures, in contrast with Q1-2013, shored by a particularly harsh winter. After stripping out the impact of these exceptional weather conditions, turnover would have grown in excess of 10%.
The impact of this particularly mild winter was primarily offset by Direct Energie's strong commercial growth.
With 87,000 new customer sites, of which 68,000 for electricity and 19,000 for gas, customer acquisitions were not only up an impressive 55% from Q1-2013 but also 12% from Q4 2013, a high comparison basis.
Sales to the business segment remained buoyant, supported by the planned cancellation of regulated gas tariffs beginning 2015. The Group gained market shares in this segment, imposing itself as a major rival of the incumbent operator.
2014 objectives confirmed
This satisfactory first quarter, combined with the new commercial contracts signed since the beginning of the year, such as the contract awarded by Sigeif (Syndicat Intercommunal des acheteurs publics d'Île-de-France - association of public buyers in the Île-de-France region) for the delivery of about 700 GWh gas over a 2 year period, strengthen Direct Energie's confidence in the achievement of its objectives for 2014.
Important note
Unaudited figures.
About Direct Energie
Direct Energie is France's third-largest electricity and gas provider, serving more than 1.1 million customers sites (895,644 electricity customers and 242,278 gas customers in both the residential and business segments). 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.
In 2013, the group generated turnover in excess of €760 million and delivered 8.8TWh 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 contacts:
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 - Tel + 33 (0)1 45 96 77 83
Institutional contacts:
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/1785140/611969.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
