Q1 2021/2022 turnover of € 2,9 M (+87% yoy)

Pontpierre, France, October 25^th, 2021 – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152), producer of energy with a negative carbon footprint, has recorded a further increase in its Q1 2021/2022 revenues, which stood at € 2.9 M against € 1.6 M last year (+87% yoy).

 Increase in produced volumes and market prices over the quarter

 In the first quarter of 2021/2022, the electricity production activity achieved a turnover of € 2.0 M, up by + 55% compared to last year. This increase is linked to an increase in productivity of the CHP units when outside temperatures are high (summer time), along with the contribution of the 2 new cogenerations in Béthune (+ € 398,000 in turnover) and a favourable energy market environment. In France, the Group benefits from a guaranteed Feed-in-Tariff, enabling to decorrelate 58%[1] of its total revenues from the spot market. In Belgium, the average selling price of electricity in Q1 2022 (62.5 € / MWh) has almost doubled compared to the Q1 2021 (33.3 € / MWh).

All the same, the gas production activity has recorded an increase in revenue from € 0.3 M to € 0.8 M over the 1^st quarter of 2021/2022, led by an improvement of produced volumes (+25% compared to previous year), mainly due to the recovery of the economy and an average gas price over the period (€ 28,12 / MWh), which has increased by 148% compared to previous year (€ 11,33 / MWh).

Income from the sale of heat amounts to € 98 K over the quarter (nil in 2020/2021).

Revenues’ growth confirmed for 2021/2022

Pursuing its development plan, the Group will commission 5 new 1.5 MW CHP units in Avion (3 MW) and Anderlues (4.5 MW), i.e. 7,5 MW of additional capacity by the end of the calendar year 2021, thus confirming its ability to carry out its development strategy.

The Group will continue to strengthen its installed electrical capacity over the fiscal year 2022, with the installation of additional CHP units on the concession known as Sud Charleroi (Belgium).

 La Française de l’Energie therefore confirms its objective of achieving annualized revenue of €35M and an EBITDA margin of over 45% by the end of 2022.

 Next announcement :
October 26^th, 2021 at 6pm – Presentation of annual results
November 30^th, 2021 – Shareholders’ meeting

[1] Feed-in-Tariff published in the October 16th 2016 decree; % based on total Group revenues on Q1 2021/2022