{"id":13941,"date":"2018-11-15T18:07:12","date_gmt":"2018-11-15T17:07:12","guid":{"rendered":"https:\/\/engie-eps.com\/?p=13941"},"modified":"2018-11-15T18:07:12","modified_gmt":"2018-11-15T17:07:12","slug":"results-as-of-30-september-2018-asia-pacific-drives-a-6x-growth-in-order-intake","status":"publish","type":"post","link":"https:\/\/devplugin.interactionfarm.com\/?p=13941","title":{"rendered":"Results as of 30 September 2018.  Asia Pacific drives a 6x growth in order intake"},"content":{"rendered":"<p><strong>While 24 MW commissioned in Europe in Q3 drive revenues up 13% <em>like-for-like<\/em>, Project Backlog increased to \u20ac77.5 million thanks to more than 100 MW of projects secured in the Asia Pacific region.<\/strong><\/p>\n<p><strong>Key figures as at 30 September 2018 <\/strong>(unaudited)<\/p>\n<p><strong>Revenues<\/strong> increased by 13%, amounting to \u20ac 2.9 million under IFRS 15 and \u20ac 7.5 million on a <em>like-for-like<\/em> basis according to IAS 11-18, the standards used for comparison with the third quarter 2017.<\/p>\n<p>Growth is mainly driven by the successful entry into operation of 24 MW storage systems in Spain, Italy and Belgium. Microgrids, storage systems and smart islands projects in Italy, Singapore and the Comoros Islands are expected to recognize revenues between the last quarter 2018 and the first quarter 2019.<\/p>\n<p><strong>Project Backlog<\/strong> to date accelerated to \u20ac 77.5 million, of which \u20ac 6.0 million of final and irrevocable orders on an EPC basis, and \u20ac 71.5 million of projects secured on a Power Purchase Agreements basis, for which financing is currently being structured.<\/p>\n<p><strong>Pipeline<\/strong> as of today stands at \u20ac 179 million, up 12% compared to the first nine months of 2017 while converting to Project Backlog more than \u20ac 55 million of the pipeline announced with the H1 results.<\/p>\n<p><strong>Cash<\/strong> Position as at 30 September 2018 amounted to \u20ac 18.5 million compared to \u20ac 4.2 million at the end of 2017, mainly driven by the \u20ac 30.3 million capital increase and the reimbursement of the \u20ac 10 million tranche to the European Investment Bank. <strong>Net Financial Position<\/strong> increased to \u20ac 13.5 million compared to \u20ac -12.3 million at 31 December 2017.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">*** *** ***<\/p>\n<p>The Investor Conference Call is scheduled on 16 November 2018 at 8:00am, dial-in and the presentation will be available in the new corporate website: <a href=\"https:\/\/engie-eps.com\/financial-calendar\">engie-eps.com\/financial-calendar<\/a><\/p>\n<p style=\"text-align: center;\">*** *** ***<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While 24 MW commissioned in Europe in Q3 drive revenues up 13% like-for-like, Project Backlog increased to \u20ac77.5 million thanks to more than 100 MW of projects secured in the Asia Pacific region. Key figures as at 30 September 2018 (unaudited) Revenues increased by 13%, amounting to \u20ac 2.9 million under IFRS 15 and \u20ac&hellip; <a class=\"more-link\" href=\"https:\/\/devplugin.interactionfarm.com\/?p=13941\">Continua a leggere <span class=\"screen-reader-text\">Results as of 30 September 2018.  Asia Pacific drives a 6x growth in order intake<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":13398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":[],"categories":[7,13],"tags":[37],"_links":{"self":[{"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/posts\/13941"}],"collection":[{"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13941"}],"version-history":[{"count":0,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/posts\/13941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/media\/13398"}],"wp:attachment":[{"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}