Direct Energie

2016 revenue

  

PRESS RELEASE

Paris, 28 February 2017

 

Direct Energie

2016 revenue

            Strong revenue growth: +66.5% to €1,692.4 million
            Continued sales momentum:

• 782,000 gross acquisitions of customer sites in France over the period
• 2,115,000 customer sites in portfolio as of 31 December 2016

Current operating income guidance confirmed around €85 million for 2016

 

 

€ m		31/12/2016 (*)		31/12/2015		Change
Revenue from ordinary activities over 12 months (*)		1,692.4		1,016.5		66.5%
Of which revenue excluding margin on energy management		1,677.0		1,016.8		64.9%
Of which contribution of margin on energy management		15.4		(0.3)		-
€ m		Q4 2016		Q4 2015		Change
Revenue from ordinary activities in Q4 (*)		506.6		330.2		53.4%
Of which revenue excluding margin on energy management		496.4		330.7		50.1%
Of which contribution of margin on energy management		10.2		(0.5)		-

(*) 2016 Accounts not closed and not audited, 2016 estimated revenue

Growth in revenue again very strong over the year at +66.5%

After a solid 2016 fourth quarter showing again strong growth in revenue to €506.6 million (+53.4% compared with the same period in 2015), annual revenue totalled €1,692.4 million compared to a target of €1,500 million, a record increase of 66.5%. This performance is driven notably by the steady acceleration in customer acquisition momentum in France, with 782,000 gross customer sites acquired over the year (compared with 594,000 in 2015, i.e. an increase of 31.6%), of which 200,000 in the final quarter of 2016 alone.

The end of the "yellow" and "green" regulated sales tariffs since 1 January 2016 enabled the Group to significantly strengthen its presence in the Major Accounts segment (107,000 gross customer sites acquired), contributing €532.6 million in revenue in 2016, compared with under €200 million in 2015.

Also to note the activity of the Bayet power plant contributing for the first time over a full year to the margin on energy management for €11.8 million. Annual production amounted to 1,373 GWh, of which 638 GWh in the fourth quarter of 2016.

Over 2 million customer sites in the portfolio

At the end of 2016, the Group's customer portfolio in France reached 2,063,000 sites compared with 1,591,000 a year earlier. The net acquisition of 472,000 sites shows a 29.7% increase in the customer portfolio. By segment and by energy, the breakdown is as follows:

In thousands	End 2016	End 2015	Change
Residentials	1,705	1,337	+27.5%
Professionals	121	106	+14.2%
Major accounts	237	148	+60.8%

In thousands	End 2016	End 2016	Change
Electricity	1,607	1,248	+28.8%
Gas	456	343	+32.6%

The Belgian business continues its commercial development on a competitive market, with its portfolio doubling over the year to approximately 52,000 customer sites at the end of 2016.

Next publication:

2016 results: 13 March 2017 after trading

ISIN code: FR0004191674 / Ticker symbol: DIREN / Euronext Paris, Compartment B

About Direct Energie

Third-largest French electricity and gas provider, the Direct Energie Group has already acquired and earned the trust of more than 2 million residential and professional customer sites in France and Belgium (under the Poweo brand). Integrated energy provider, the Group is involved in generation, electricity and gas supply, as well as the sale of energy services to its customers.

Direct Energie's success has been underpinned for more than 14 years by its technical expertise, excellent customer relations and capacity for innovation.

In 2016, the Group reported consolidated revenue of €1.69 billion.

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 or + 33 (0)6 75 74 31 73

CM-CIC Market Solutions

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

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

Appendix 1 : segment information

In thousands of euros		Commercial trade			Production		Total			Total
		France	Belgium		France		France	Belgium
Revenue 31/12/2016 (*)
Revenue from ordinary activities		1,647,961	32,632		11,835		1,659,796	32,632		1,692,429
Revenue 31/12/2015
Revenue from ordinary activities		1,008,290	7,723		523		1,008,812	7,723		1,016,535

(*) unaudited data

Direct Energie: 2016 revenue

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Source: Direct Energie via Globenewswire