Earnings release
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FRANÇAISE DE L'Energie Half - Year Revenues back to € 4M , close to Pre - Covid level thanks to a strong Q2 Revenue acceleration in Q2 2020/2021 ( + 69 % ) 2021 revenue growth confirmed Pontpierre , France , January 26 , 2021 – La Française de l'Énergie ( Euronext : LFDE - ISIN : FR0013030152 ) , a producer of energy with a negative carbon footprint , posted a strong revenue growth in the second quarter of 2020/2021 , up by 69 % compared to Q1 2020/2021 , to € 2.5 million . Half - year turnover reached € 4 million , close to the pre - COVID level despite gas prices still below their usual levels . Green electricity production at full capacity in Q2 2020/2021 , after the temporary slowdown in the previous quarter Over this quarter , the production of green electricity from abandoned mine gas recorded an improvement in its turnover to € 1.6 million ( + 26 % compared to Q1 2020/2021 ) . This good performance was supported by the increase in volumes in Hauts de France ( + 23 % ) and the contribution of the Anderlues site in Belgium ( + 40 % , with an average selling price over the quarter up to 41.5 € / MWH ) . The Group's 8 cogeneration plants are operating optimally today with an average availability rate of over 94 % across its entire scope . The Group is also continuing its efforts to activate the contribution to the turnover of its Green Certificates in relation to its Belgian production since 2019 . In line with previous periods , the gas production activity recorded a further increase in volumes , which more than doubled in the 2nd quarter of 2020/2021 , with an average selling gas price rising from 6.2 € / MWh in Q1 2020/2021 to € 13.2 / MWh over this quarter , allowing a turnover of € 900,000 . This good operational performance offset the unfavourable price effect of the period ( -17 % compared to H1 2019/2020 ) . The Group benefits from a feed - in tariff in France guaranteeing its selling electricity price , therefore allowing to decorrelate more than 62 % of its revenues from the economic situation . Revenue increase confirmed for 2021 and 2022 The gradual rise in gas prices was confirmed over the semester , as for electricity prices in Belgium . Therefore the Group took advantage of favourable market conditions to hedge 50 % of the 2021 electricity volumes in Belgium at a fixed price . Following the installation of two additional cogeneration plants at the Béthune site , the income generated by this project will increase the group's annual turnover by more than € 2 million . Subsequent to the success of the first tranche of crowdfunding aimed at refinancing the equity allocated to the Béthune project , the Group has launched a second tranche of crowdfunding which raising will end on February 15 , targeting a total of € 4.5 million raised through these two tranches . francaisedelenergie.fr