November 08 2024 - Availability of the FY24 Annual Financial Report October 24 2024 - Revenues of EUR 7.1 million in Q1 2025 (full consolidation)
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FRANCAISE ENER.
FR0013030152 LFDE
EURONEXT PARIS
Reuters LFDE.PA – Bloomberg LFDE.FP

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La Française de l’Énergie PEA eligible

Share price
Company information
Last shareholder presentation

INVESTISSEURS

President’s word

Julien Moulin
Executive chairman
La Française de l’Energie

Hello,

There is a lot we can – and must – do to make our world less energy-consuming and more climate-friendly.

Our group, FDE, develops sustainable local solutions to tackle climate change by multiplying small and medium size decentralized energy production sites. FDE therefore supply gas, liquefied biogas, power, heat and bio-CO2 to local consumers while continuing to create hydrogen and carbon storage solutions.

FDE continues to develop as a rare blend of innovation and operational capabilities combined with financial agility dedicated to generating positive impacts to its various stakeholders.

Ecologically and economically competitive, the innovative solutions that our team develop are therefore at the heart of the ecological transition.

But the impact of our activity goes beyond providing local energy. FDE launched over a decade ago a pioneer impetus to make our territories more resilient, more self-sufficient to encourage a sustainable and positive industrial eco-system in the regions where we operate.

FDE is already carbon negative, directly avoiding every year over 3 million tons of CO2eq emissions in France and Belgium. FDE has built the first integrated Liquefied biogas and bio-CO2 plant in the world.

These are just two out of our long list of outstanding achievements over the years.

My commitment is that FDE will continue to focus on delivering on its promises with the aim to provide an affordable and reliable supply of cleaner energy in every region where our group operates.  

Negative carbon footprint energy producer

  • More than 3.5 million tons of CO2 eq are currently avoided every year due to 22.5 MW installed cogeneration capacity.
  • A recognized ESG policy: Gaia Rating (Ethi Finance). European SME leader in energy industry for 6 years.
  • Green bond
    The issue of three green bonds of 40 million, 20 million and 60 million euros, confirm FDE’s positioning on low-carbon energy solutions and its role in the energy transition. The use of this green bond is controlled by the Green Bond Framework and was certified by Ethi Finance via a second party opinion.
Green bond Framework FDE – September 2021
Second party opinion by Ethifinance

 *1.4 million tons are certified – Sources: Ineris Certification 2019 updated with global warming potential of 82.5 (AR6 – GIEC) and including Bethune site (FDE extrapolation). Study 2022 Polytechnic University of Mons.

With an energy solutions portfolio used all over Europe

  • Portfolio including:
    – Electricity,
    – Heat,
    – Gas,
    – Hydrogen,
    – CO2
  • Present in 4 countries:
    – France,
    – Belgium,
    – Norway,
    – Bosnia
  • Exclusive gas reserves production permits in 3 area:
    – Hauts-de-France,
    – Grand Est (France),
    – Anderlues (Belgium)

Supported by industry leading partners

Business partners

Financial partners

Strong core of French and international shareholders

Including family offices and first tier institutions, and individual investors

17%
Historical investors

Eberle-Labuyere Family
Michaud Family
Lorenceau Family

19%
Management and employees

 

14%
Individual investors

50%
Institutions

Source : Euronext at 31/12/2023

Healthy and profitable growth

Turnover

EBITDA

Operating income

Net Profit

Strong financial capacity (June 30, 2023) allowing to support its objectives:

GROSS
INVESTMENT

€8.2 M

EQUITY*

€82.5 M

AVAILABLE CASH

€47.6 M

NET DEBT
RATIO

41 %

* Net group share

Our 2026 Fy ambitions 

Revenues €175 M

EBITDA > €85 M

CO2 > 20 M

tons of CO2 eq emissions avoided per year

Wide coverage by pan-European analysts

BUY

Target Price: €45
November 2024
Analyst:
cornelis.kik@ha-ib.de*

BUY

Target Price: €70
October 2024
Analyst:
vnikolova@midcap.com*

BUY

Target Price: €40
October 2024
Analyst:
anis.zgaya@oddo-bhf.com*

BUY

Target Price: €90
October 2024
Analyst:
anish@hannam.partners*

* Recherche sponsorisée

Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,