Earnings release
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FDE FY2021 annual results Revenues up by 30 % EBITDA increased by 177 % at € 2,9M Pontpierre , France , October 21st , 2021 - La Française de l'Énergie ( Euronext : LFDE - ISIN : FR0013030152 ) , producer of energy with a negative carbon footprint , closes its FY 2020/2021 with a significant improvement of its main financial aggregates . This confirms the profitability of its activity with an EBITDA up by 177 % yoy reaching € 2,9M and an operating income of € 1,4M up from a € 143K loss in FY2019 / 2020 . These results confirm the Group's strategy and business model as well as its ability to ramp up its developments . Consolidated accounts In Euro Thousands ( K € ) Revenues¹ EBITDA % of revenues EBIT Variation % + 177 % 2020/2021 2019/2020 10 236 7 855 + 30 % 2 924 1 057 29 % 14 % 1 418 ( 143 ) + 1.090 % % of revenues 14 % ( 2 % ) Financial results ( 1,196 ) ( 561 ) - 113 % Taxes 71 753 - 91 % Net income Group share 274 109 + 152 % % of revenues 2,7 % 1,4 % Minority interests² 19 ( 61 ) + 131 % Net profit 293 48 + 510 % The Board of Directors of La Française de l'Énergie , held on October 19 , 2021 , has approved the annual accounts on June 30th , 2021. The Group's Statutory Auditors carried out their due diligence on these accounts and their reports are being issued . Strong growth in financial indicators , driven by increased production volumes and control on operational costs The 2020/2021 financial year has been characterized by a significant increase in revenues , mainly driven by an improvement in gas , electricity and heat sales volumes . The recent low- carbon energy production sites of Béthune and Creutzwald have also contributed to the revenues increase and so did the surge in gas prices in France ( + 36 % ) and in electricity prices in Belgium ( + 42 % ) . These excellent operational performances enable the Group to record a turnover of € 10,2M , up 30 % yoy and over c.900,000 tons of CO2eq emissions were avoided during this financial year . 1 Does not include Green Certificates obtained thanks to its Belgian production since 2019. FDE continues its efforts to activate their contribution to turnover . 2 Results of the companies Cellcius dedicated to the operation of the Creutzwald thermal solar plant ( 51 % owned by FDE and 49 % by Énes ) and FalkenSun dedicated to the construction and operation of the photovoltaic solar plant of FalkenSun ( 75 % owned by FDE and 25 % by Mercury Advisors ) francaisedelenergie.fr