FDE

FY 2024 Half-Year Results

Regulatory News:

FDE (Euronext : FDE - ISIN : FR0013030152), a carbon negative energy producer, confirms during the first half of 2024 the profitability of its activities in a volatile energy and its 2026 objectives.

Consolidated accounts

In Euro Thousands (k€)

 

H1 2023/2024

 

H1 2022/2023

Revenues

17 395

21 346

EBITDA

% of revenues

10 837

62%

15 759

74%

Operating Income

% of revenues

8 968

52%

14 601

68%

Financial Result

(1 394)

(512)

Taxes

(1 410)

(3 760)

Net Income Group share

% of revenues

Minority interests¹

Net Income

6 302

36%

(139)

6 163

10 413

49%

(84)

10 329 

Ongoing costs control in an inflationary environment

On December 31^st 2023, FDE posted H1 2024 sales of €17.4m, boosted by the good performance of its cogenerations in the Hauts-de-France and Wallonia regions, and the increase in the volumes of energy produced from the 15 MW solar plant in Tritteling (+13% increase in volumes). The long unavailability of the GRTgaz gas grid, which prevented FDE from selling the forecasted volumes of abandoned mine methane, has penalised the Group's performance, in a volatile environment.