{"id":15207,"date":"2019-09-30T09:46:40","date_gmt":"2019-09-30T07:46:40","guid":{"rendered":"https:\/\/engie-eps.com\/?p=15207"},"modified":"2019-09-30T09:46:40","modified_gmt":"2019-09-30T07:46:40","slug":"h1-2019-results-press-release-3","status":"publish","type":"post","link":"https:\/\/devplugin.interactionfarm.com\/?p=15207","title":{"rendered":"H1 2019 Results &#8211; Press Release"},"content":{"rendered":"<p><strong>FIRST HALF RESULTS AS OF 30 JUNE 2019<\/strong><\/p>\n<p>CONTINUING DOUBLE DIGIT GROWTH OF ALL FINANCIAL INDICATORS<\/p>\n<p><strong>Revenues up 81% to \u20ac2.7 million, Gross Margin up to 41%, Project Backlog up 38% and Pipeline accelerating to \u20ac350 million confirm the growth trend of ENGIE Eps in a booming global market thanks to the full support and the more and more efficient integration within ENGIE.<\/strong><\/p>\n<p><strong>2019 FIRST HALF KEY FIGURES<\/strong><\/p>\n<p><strong>Revenues and Other Income <\/strong>amount to \u20ac2.7 million as of 30 June 2019, up 81% compared to the 2018 first half. Growth is mainly driven by the successful deployment of microgrids in Africa and Asia Pacific such as the Comoros, Somaliland and New Caledonia, reaching as of today a total of 50 customers in 25 countries across the globe.<\/p>\n<p>As of the date of this Press Release, <strong>Project Backlog<\/strong> corresponds to \u20ac33.8 million, an increase of 38% compared to 28 September 2018, of which \u20ac24.1 million of final and irrevocable orders on an EPC basis, and \u20ac9.7 million of projects secured on a Power Purchase Agreements (PPA) basis, for which financing is currently under structuring and <strong>Pipeline <\/strong>increased by 43% compared to 28 September 2018, reaching \u20ac350 million.<\/p>\n<ul>\n<li><strong>Order intake<\/strong> in 2019 has reached 37.4MW, representing approximately \u20ac18.8 million.<\/li>\n<li><strong>Gross margin <\/strong>increased to 41%, compared to 26% in 2018 first half, mainly driven by a different revenue mix and despite an increase in project size.<\/li>\n<li><strong>Personnel costs <\/strong>increased by 42% reaching \u20ac3.1 million compared to the \u20ac2.2 million of 2018 first half due to the expected growth of the Company.<\/li>\n<li><strong>Other Operating Expenses<\/strong> increased by 45% amounting to \u20ac1.0 million compared to \u20ac0.7 million in first half 2018 mainly driven by the major commitment in R&amp;D and perfectly in line with the planned growth of the internal organizational structure and the execution of ENGIE EPS Long Term Strategic Plan.<\/li>\n<li><strong>R&amp;D investments <\/strong>amounted to \u20ac1.4 million, including expenses and capitalized amounts. These investments represent 52% of consolidated revenues and 31% of all fixed costs in perfect continuity with the well-known strong commitment of ENGIE EPS in R&amp;D and innovation.<\/li>\n<li><strong>EBITDA <\/strong>loss amounts to \u20ac3.4 million in first half 2019 compared to the \u20ac2.8 million loss in the same period of 2018.<\/li>\n<li><strong>Net Financial Position <\/strong>at the end of June 2019 improved to \u20ac -2.0 million from \u20ac -13.2 million on 30 June 2018, mainly due to the \u20ac30 million capital increase completed on 6 August 2018, despite working capital exposure and continuous investments in R&amp;D. In this respect, ENGIE Eps has been supported by Societe Generale, which in June 2019 approved an additional \u20ac7.5 million facility. In this context, ENGIE has confirmed its strong support for the new strategy, including ENGIE EPS in the scope of the Renewables Global Business Line and meeting ENGIE EPS\u2019 short term cash needs and working capital exposure in form of intercompany lending.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>FIRST HALF RESULTS AS OF 30 JUNE 2019 CONTINUING DOUBLE DIGIT GROWTH OF ALL FINANCIAL INDICATORS Revenues up 81% to \u20ac2.7 million, Gross Margin up to 41%, Project Backlog up 38% and Pipeline accelerating to \u20ac350 million confirm the growth trend of ENGIE Eps in a booming global market thanks to the full support and&hellip; <a class=\"more-link\" href=\"https:\/\/devplugin.interactionfarm.com\/?p=15207\">Continua a leggere <span class=\"screen-reader-text\">H1 2019 Results &#8211; Press Release<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":15197,"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\/15207"}],"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=15207"}],"version-history":[{"count":0,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/posts\/15207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=\/wp\/v2\/media\/15197"}],"wp:attachment":[{"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devplugin.interactionfarm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}