La Française de l'Énergie

43% Revenue Growth in the 2nd Quarter of FY19/20 - Seite 2

Positive development prospects and strengthening of the Group's financing capacity

The continuous increase in turnover comes with a significant strengthening of the Group's investment capabilities following the signing of two bank loans, from Bpifrance financement for € 1.3M and from a Dutch bank dedicated to green energy, Triodos, for € 4.2 M, at interest rates below 2% per year.

With this significant revenue growth, La Française de l'Énergie continues to implement its development plan in Belgium and in Hauts-de-France.

These solid results and prospects also allow the Group to look forward to the development of its Lorraine sites with the objective to produce the 2.14 billion m3 of gas already certified at this stage (P2 reserves).

Next announcements:
January 21, 2020: Update on Lorraine development plan
March 25, 2020: Half Year Results

Reuters code: LFDE.PA
Bloomberg code: LFDE.FP

About La Française de l’Énergie

La Française de l'Energie is a Lorraine SME, leader in industrial ecology, specializing in producing the gas present directly in the coal and in the former coal mines of France and Belgium. Thanks to its recognised know-how in geology and engineering combined to its local positioning, La Française de l'Energie supplies gas, green electricity and heat to regional players, replacing imported energy by energy local and cleaner energy. La Française de l'Energie is on a significant growth path and aims to become a major player in the energy sector in Europe. The company is labelled as a young innovative company by Bpifrance.

More information available on www.francaisedelenergie.fr

Disclaimer

This press release contains certain forward - looking statements and estimates concerning LFDE’s financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “intend,” “is designed to,” “may,” “might,” “plan,” “potential,” “predict,” “objective,” “should,” or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management’s current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company’s control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the company may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.