Brief: Engie EPS FY EBITDA Loss Widens To 8.4 Million Euros

Nhoa SA

31/03/2021 05:57

March 31 (Reuters) - ENGIE EPS SA  EPS.PA :
    * ENGIE EPS FY2020 RESULTS AND 2021 HIGHLIGHTS
    * BACKLOG AMOUNTS TO $39 MILLION (OR EUR 33 MILLION( 2 ), UP
12%
COMPARED TO 2019) WITH OVER 50 MWH UNDER CONSTRUCTION OR
DEVELOPMENT IN CALIFORNIA, MASSACHUSETTS, COMOROS AND ITALY
    * EBITDA REPRESENTS A LOSS OF EUR 8.4 MILLION IN 2020
COMPARED TO
A EUR 5.7 MILLION LOSS IN 2019 AND NET RESULT AS OF 31 DECEMBER
2020 IN LINE WITH 2019, FROM EUR -14.6 MILLION TO EUR -14.8
MILLION
    * AS OF TODAY, PIPELINE STANDS AT OVER EUR 1 BILLION, WITH A
STRONG MAJORITY OF OUR PROJECTS OUTSIDE OF ENGIE GROUP AND
EMOBILITY REPRESENTING 21% THANKS TO JV
    * AS OF 30 MARCH 2021, BACKLOG AND CONTRACTS SECURED SUM UP
TO
$173 MILLION AND 700 MWH IN US, EUROPE AND AFRICA
    * ENGIE EPS DOUBLED PRODUCTION CAPACITY FOR RESIDENTIAL
CHARGING
SOLUTIONS, FROM 500 EASYWALLBOX PER WEEK ACHIEVED IN 2020 TO
1,000/WEEK STARTING FROM MARCH 2021
    * IN ADDITION, ENGIE EPS IS ALREADY PLANNING A FURTHER SCALE
UP TO
1,500 EASYWALLBOX A WEEK BY MAY 2021
    * ON JV WITH STELLANTIS: BOTH PARTIES WILL RELEASE SHORTLY
COMPOSITION OF BOARD OF DIRECTORS AND BRAND NAME OF NEW ENTITY,
WHILE TRANSACTION CLOSING AND RELATED ANNOUNCEMENT ARE EXPECTED
BY END-APRIL
    * FY REVENUE EUR 10.8 MILLION VERSUS EUR 19.7 MILLION YEAR
AGO

Source text for Eikon:  ID:nBw8ydH3Ta 
Further company coverage:  EPS.PA 

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