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BRIEF-Engie EPS FY EBITDA Loss Widens To 8.4 Million Euros

PUBLISHED: Wed, 31 Mar 2021 04:57:35 GMT

March 31 (Reuters) – ENGIE EPS SA:

* ENGIE EPS FY2020 RESULTS AND 2021 HIGHLIGHTS

* BACKLOG AMOUNTS TO $39 MILLION (OR EUR 33 MILLION(), UP 12% COMPARED TO 2019) WITH OVER 50 MWH UNDER CONSTRUCTION OR DEVELOPMENT IN CALIFORNIA, MASSACHUSETTS, COMOROS AND ITALY

* EBITDA REPRESENTS A LOSS OF EUR 8.4 MILLION IN 2020 COMPARED TO A EUR 5.7 MILLION LOSS IN 2019 AND NET RESULT AS OF 31 DECEMBER 2020 IN LINE WITH 2019, FROM EUR -14.6 MILLION TO EUR -14.8 MILLION

* AS OF TODAY, PIPELINE STANDS AT OVER EUR 1 BILLION, WITH A STRONG MAJORITY OF OUR PROJECTS OUTSIDE OF ENGIE GROUP AND EMOBILITY REPRESENTING 21% THANKS TO JV

* AS OF 30 MARCH 2021, BACKLOG AND CONTRACTS SECURED SUM UP TO $173 MILLION AND 700 MWH IN US, EUROPE AND AFRICA

* ENGIE EPS DOUBLED PRODUCTION CAPACITY FOR RESIDENTIAL CHARGING SOLUTIONS, FROM 500 EASYWALLBOX PER WEEK ACHIEVED IN 2020 TO 1,000/WEEK STARTING FROM MARCH 2021

* IN ADDITION, ENGIE EPS IS ALREADY PLANNING A FURTHER SCALE UP TO 1,500 EASYWALLBOX A WEEK BY MAY 2021

* ON JV WITH STELLANTIS: BOTH PARTIES WILL RELEASE SHORTLY COMPOSITION OF BOARD OF DIRECTORS AND BRAND NAME OF NEW ENTITY, WHILE TRANSACTION CLOSING AND RELATED ANNOUNCEMENT ARE EXPECTED BY END-APRIL

* FY REVENUE EUR 10.8 MILLION VERSUS EUR 19.7 MILLION YEAR AGO Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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