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Record revenues for FDE in H1 2022 : €9.1 million (+127%)

25 January 2022

Pontpierre, France, January 25th, 2022 – La Française de l’Énergie (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, posted another very strong revenue growth in H1 2022, with revenues reaching €9.1 million up 127% vs H1 2021.

In Euro million  * H1 2022  H1 2021 YoY %
Q1 2022 sales 2.9 1.5 95%
Q2 2022 sales 6.2 2.5 146%
S1 2022 sales 9.1 4.0 127%

* Unaudited numbers

Significant increase in production volumes achieved in a buoyant market environment

Revenues from gas production tripled to €4.9 million thanks to a further growth in volumes (+30%) and an average gas sale price of €37.43/MWh in H1 2022, up from €11.07/MWh in H1 2021.

Revenues related to the production of green electricity from abandoned mine gas rose sharply to €4 million (up 38% vs H1 2021). This good performance is driven by increased production volumes in the Hauts de France (+31% with contribution from the two cogeneration units at Béthune) and the favourable power prices in Belgium reaching €86.94/MWh in H1 2022.

Revenue from the sale of heat, related to the Béthune project and the largest solar thermal power plant connected to a heating network in Creutzwald, amounted to €195,000 in H1 2022.

Revenue growth confirmed for 2022 and 2023

Taking advantage of favourable market conditions, the Group has fixed for 2022 and 2023 calendar years the sale price for a large portion of its volumes of gas to be sold in France and electricity in Belgium.

The group is progressing well towards its calendar year-end objectives thanks to the commissioning in January 2022 of 3 additional 1.5 MW cogeneration units (4.5 MW) on the Anderlues site and the installation of 2 additional cogeneration units (3 MW) on the Avion site.

Thanks to the development of its abandoned mine methane activity, 1.5 million tonnes of CO2eq will be avoided per annum, confirming the Group’s leading role in the European ecological transition.

La Française de L’Energie confirms its objective of achieving annualized revenue of €35 million and an EBITDA margin of over 45% by the end of 2022.

Next announcement :
H1 2022 Results – March 24th 2022

The ticker changes : LFDE is now FDE

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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,