Brief: LFDE Reports 8% Increase In 9-Month Turnover To EUR 6.2 Mln

La Francaise de l Energie SA

20/04/2020 17:27

April 20 (Reuters) - LA FRANCAISE DE L'ENERGIE SA  LFDE.PA :
    * LA FRANÇAISE DE L'ÉNERGIE: 8% INCREASE IN 9-MONTH TURNOVER
TO
€6.2 MILLION
    * CONFIRMS INSTALLATION OF AT LEAST 5 NEW 1.5 MW
COGENERATION
PLANTS BY END OF 2020
    * LOCKDOWN MEASURES IMPOSED ON ADMINISTRATIVE AUTHORITIES
LEAD TO
DELAY IN PROCESSING AND DELIVERY OF AUTHORIZATIONS FOR
ESTABLISHMENT OF NEW PRODUCTION SITES
    * OVER FIRST 9 MONTHS OF FY, TURNOVER OF GAS ACTIVITY
REACHED EUR
1.7M, DOWN 28% MAINLY DUE TO ONGOING FALL IN GAS PRICES
    * CASH AND BALANCE SHEET SITUATION OF LFDE REMAIN VERY SOLID
AND
SHOULD BE FURTHER STRENGTHENED WITH EXPECTED COMPLETION OF A
BANK LOAN FOR A TOTAL AMOUNT OF OVER EUR 40 MILLION
    * GROUP'S PRODUCTION IS NOT AFFECTED BY LOCKDOWN MEASURES
AND
CONTINUES TO FUNCTION OPTIMALLY
    * CONTINUES TO PROGRESS ON ITS PROFITABLE GROWTH PLAN
    * PRODUCTION VOLUMES OF GAS AND ELECTRICITY CONTINUE TO GROW
AND
REACHED THIS QUARTER HIGHEST RECORDED NUMBER

Source text for Eikon:  ID:nBw7H5PGka 
Further company coverage:  LFDE.PA 

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