ENOGIA: 2021 annual revenue

ENOGIA
ENOGIA: 2021 annual revenue

February 17, 2022 / 6:05 p.m. CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

2021 annual turnover: +51%
H2 revenue in line with target

Good momentum of the ORC business line

Marseilles, February 17, 2022 – 6 p.m.

ENOGIA (ISIN code: FR0014004974 – mnemonic: ALENO), expert in micro-turbomachines for the energy transition, announces its 2021 annual revenue.

Arthur Leroux, President and CEO, noted: “After a 49% growth in the first half, the second half ended with a slightly stronger growth momentum, with annual revenue up 51% in 2021. Throughout the year , the teams have worked hard to win new contracts and new agreements Consortium QualifHY and the economy of use contract with the Eiffel Gaz Vert fund, we are delighted to announce the signing of an agreement partnership with NASKEO Environnement and SYCOMORE, which will strengthen our commercial capacity in the ORC segment, allow us to confirm our 2025 objectives announced during our IPO last July.”

2021 turnover: €2.9 million, up 51%

In thousands of euros

2020

2021

Change

Income

1,943

2,940

51%

of which ORC

1,815

2,841

57%

of which hydrogen compressors

128

99

-22%

ENOGIA’s 2021 annual revenue amounts to 2.9 million euros, up 51% compared to 2020.

After a first half of 2021 which saw revenue growth of 49%, momentum remained strong in the second half, with an increase of 53%. Export sales represented 76% of full-year turnover, compared to 31% in 2020, a year marked by the closing of borders.

At the end of December 2021, the order book[1] has been valued at more than 5 million euros and the sales pipeline[2] to more than 120 million euros.

ORC’s turnover amounted to €2.8 million in 2021, compared to €1.8 million in 2020, an increase of 57%. The Asian ORC contract, signed in the first half of 2021, generated €1.5 million in revenue in 2021, in line with the announcement made during the IPO. As a reminder, this contract covers the delivery of one hundred and 100 kW turbines and the provision of technical support and assembly assistance for the manufacture of ORC modules excluding micro-turbomachines.

In the Hydrogen Compressors branch, ENOGIA focuses on the development of compressors specifically adapted to the fuel cells of each integrator. In addition to the two contracts signed and announced during the IPO, ENOGIA has signed an agreement with a new major player. These development contracts, which currently generate little revenue, should ensure increasingly sustained growth as the hydrogen market takes off.

As a reminder, ENOGIA has also announced its participation as a leader in the QualifHY consortium[3] end of 2021. QualifHY aims to accelerate the commercialization of innovative products in the Hydrogen sector, using synergies in terms of resources and skills. This collaborative project creates a real regional ecosystem around Hydrogen, and more particularly the fuel cell, an element identified as key to the energy transition.

ORC: signature of a partnership agreement with NASKEO Environnement and SYCOMORE

ENOGIA has signed a partnership agreement with NASKEO Environnement and SYCOMORE, subsidiaries of the KEON group, specialist in the field of methanation for more than 15 years. NASKEO Environnement specializes in the study, installation monitoring and maintenance of methanisation units. SYCOMORE commissions and maintains biogas production units by methanisation.

The agreement provides for the distribution of ENOGIA’s ORCs on the French and international biogas markets. It also includes an operational component for subcontracting the integration and maintenance work of ENOGIA’s ORCs.

The signature of this new partnership allows ENOGIA to pursue its ambition to make its technology accessible to a greater number of companies, to support them in their energy transition challenges, and to strengthen its position on the biogas market by associating with a key player in the sector.

Outlook

ENOGIA performed well in 2021, with revenue up more than 50%.

The shortage of components on which the Company communicated in its last press release is on the way to being resolved. ENOGIA has completed its sourcing of suppliers, and its German supplier, who suffered from the floods in the summer of 2021, must resume production very soon. ENOGIA closely monitors its supply chain given the global environment which remains complex for a large number of companies.

Backed by its proven technology and the market potential of its two businesses, ENOGIA confirms its ambitions for growth and development announced when it was listed on the stock market.

Next release:

2021 annual results, March 30, 2022 after market close

About ENOGIA

ENOGIA responds to the major challenges of the ecological and energy transition with its unique and patented technology of compact, light and durable micro-turbomachines. French leader in heat-electricity conversion with its wide range of ORC modules, ENOGIA enables its customers to produce carbon-free electricity and recover waste or renewable heat. Since 2020, ENOGIA has also been marketing air compressors for Hydrogen Fuel Cells, thus contributing to the development of hydrogen mobility, a booming market. With sales in more than 25 countries, ENOGIA continues to prospect new customers in France and abroad. Created in 2009 and based in Marseille, ENOGIA has nearly 60 employees involved in the design, production and marketing of technological solutions that respect the environment. ENOGIA’s CSR commitment represents an “Advanced” level of performance according to EthiFinance.

ENOGIA is listed on Euronext Growth Paris.

Symbol: ALENO. ISIN Code: FR0014004974. LEI: 969500IANLNITRI3R653.

contacts

Investor relations and financial media
The ComFi Agency by CIC Market Solutions
Sophie Le Bris and Cindy David
enogia-investor@cic.fr
01 53 45 80 59 / 06 65 15 83 58

Corporate communication and press Sylvie Bourdon

Marketing Communications Manager

sylvie.bourdon@enogia.com

06 18 43 90 12

Find all the ENOGIA news on
https://enogia.com/investors

Translation for informational purposes only. In the event of any discrepancy between the French and English versions of this press release, only the French version shall prevail.

[1] Cumulative orders signed minus contract progress. The progress is calculated as the ratio between the expenses committed and the budget of expenses of the project.

[2] Projects for which a detailed or preliminary estimate has been issued.

[3] See press release of December 3, 2021 “ENOGIA, leader of the QualifHY consortium, a collaborative research project on Hydrogen” available on https://enogia.com/investors/press-releases

Regulatory Filing PDF File

File: ENOGIA: 2021 annual revenue

Comments are closed.