Coverage Initiation by EXANE with a target price ranging from €31 to €46 per share

Pontpierre, France, November 18^th, 2021 – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152), a negative carbon energy producer is proud to announce that Exane BNP Paribas, a leader in European Equities, initiated research on La Française de l’Energie with a positive recommendation and a target price ranging from €31 to €46 per share in a report named “High returns from European Green Energy generation” released this week.

The report is accessible on the Research Tree platform: https://www.research-tree.com/companies/france/utilities/la-francaise-de-l-energie-sa/LFDE/PAR#tab-research

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

Next announcement :
November 30^th, 2021 –Annual Shareholders’ meeting