Direct Energie

Turnover for the Third quarter 2014

Press release

 

Paris, November 17^th 2014

TURNOVER FOR THE 3^rd QUARTER 2014

Double digit growth in turnover

Sustained commercial performance

2014 annual targets confirmed

in millions of euros	2014	2013	Variation
Turnover Q3 (excluding Energy Management contribution)	142.0	125.9	+12.8%
Energy Management contribution	2.1	2.5	-
Turnover Q3	144.1	128.3	+12.3%
Turnover 9 M (excluding Energy Management contribution)	567.6	536.6	+5.8%
Energy Management contribution	-0.9	1.0	-
Turnover 9 M	566.7	537.6	+5.4%

Acceleration in the client acquisition pace

The group posted turnover, excluding Energy Management, of €142.0 million during Q3 2014, showing a 12.8% increase compared to Q3 2013. Over the first nine months of 2014, turnover was up 5.8% and amounted to € 567.6 million despite adverse weather conditions.

Direct Energie benefitted from a strong commercial development that relied on targeted offers and a favourable autumn period driven by home moving and accounts opening. As a result, 118.000 new customer sites (of which 88.000 for electricity and 30.000 for gas) were acquired in Q3, raising the acquisitions since the beginning of the year to 294,000. As of 30 of September 2014, Direct Energie had 1.23 million customer sites.

New private bond placement

Direct Energie successfully launched a new private bond placement amounting to € 15 million issued on 3 November 2014, bearing a 5.00% coupon per annum, and maturing in November 2022. After the success of a first € 40 million bond placement completed in July 2014, this new issuance will strengthen the financial means required to develop the Group in France and internationally with the support of an extended investor base.

2014 targets confirmed

Direct Energie confirms its annual targets for 2014, namely the acquisition of 400,000 new customer sites, a 7 to 10% turnover growth depending on climate conditions, and the doubling of its current operating income.

Direct Energie joins the new EnterNext PEA-PME 150 index

Direct Energie announces that it has been included in the "EnterNext© PEA-PME 150" index. Inclusion in this index enhances Direct Energie's visibility in the investor community.

About Direct Energie
Direct Energie is France's third-largest electricity and gas provider, serving more than 1.2 million customers sites (residential and businesses). Direct Energie has also developed its offer for companies and local authorities, with more than 100,000 delivery points.
As an integrated energy group in France, Direct Energie produces and supplies electricity, supplies gas, and offers energy services to its customers.
The group is also operating in Belgium (Wallonie) and aims to be active on the whole territory by end 2015.
In 2013, the group generated turnover in excess of €760 million and delivered 8.8TWh of energy.
Direct Energie's success has been underpinned for more than the past decade by its technical expertise, excellent customer relationships and capacity for innovation.
Direct Energie is listed on the Alternext compartment of Euronext Paris Stock Exchange (ALDIR / FR0004191674).

For more information, visit our website www.direct-energie.com

Press contact:                                                                                                 
Image Sept                                                                                                     
Grégoire Lucas - [e-mail]  - Tel + 33 (0)1 53 70 74 94                      
Marie Artzner - [e-mail] -  Tel + 33 (0)1 53 70 74 31 ou + 33 (0)6 75 74 31 73

CM CIC Securities
Stéphanie Stahr - [e-mail] - Tel + 33 (0)1 53 48 80  57

Direct Energie
Ivan Roussin - [e-mail] - Tel [phone]
Mathieu Behar - [e-mail]  - Tel [phone]

20141117_PR_Direct_Energie_turnover_Q3_UK

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Direct Energie via Globenewswire

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