ENOGIA ENOGIA: First-half 2021 revenue: +49% 27-Jul-2021 / 18:00 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- First-half 2021 revenue: +49% Good momentum in both the ORC and Hydrogen business lines Marseille, 27 July 2021 - 6 p.m. ENOGIA, an expert in micro-turbomachinery for the energy transition, announces its revenue for the first half of 2021. Arthur Leroux, Chairman and CEO, said: "Barely 10 days after our IPO on Euronext Growth, I am pleased to announce a significant increase in our revenue in the first half of 2021. Our growth momentum, which is set to continue throughout the second half, is in line with our expectations and our growth plan. Backed up by the funds raised through our IPO, and strengthened by our technological lead and the very bright market prospects for our two business lines - ORC and Hydrogen - we are stepping up the pace of our development to contribute to the energy transition." Revenue for the six months to end-June 2021: EUR1.3 million In EUR thousands H1 2020 H1 2021 Change Revenue 884 1,316 49% of which ORC 884 1,203 36% of which Hydrogen Compressors - 113 -
ENOGIA's half-year revenue came to EUR1.3 million, up nearly 50% compared with the same period in 2020.
The first half of 2021 marked a clear upturn in business, after a year impacted by the closure of borders in 2020, bearing in mind that ENOGIA's business has a significant international slant. Export sales accounted for 55% of revenue in the first half of 2021, compared with 21% in the first half of 2020.
The ORC business is benefiting from the recovery to the full. ORC revenue amounted to EUR1.2 million in the six months to end-June 2021, compared with EUR0.9 million in the same period in 2020, driven chiefly by the strength of the legacy gensets and industry segments.
The Hydrogen Compressors business generated EUR0.1 million in revenue over the half-year. Negotiations are underway to follow up on the first two contracts signed in 2020. At the same time, ENOGIA is continuing its discussions with other key players in the hydrogen fuel cell market.
Outlook
The first half of 2021 was characterised by strong growth reflecting trading and shipment momentum following the reopening of borders. ENOGIA has also experienced good commercial trends since the start of the year, which should result in sustained growth in the second half of 2021.
The IPO on Euronext Growth enabled ENOGIA to raise EUR11.1 million, which could be increased to EUR12.7 million in the event of the full exercise of the greenshoe option. The funds raised give ENOGIA the means to achieve its ambitions: accelerate growth momentum in the ORC business and become a key player in the hydrogen market.
Next release:
Half-year 2021 results, 19 October 2021 after trading
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-turbomachinery. As the French leader in heat-to-electricity conversion with its
wide range of ORC modules, ENOGIA enables its customers to produce decarbonised electricity and to recover waste or
renewable heat. Since 2020, ENOGIA has also been marketing air compressors for fuel cells, thereby contributing to the
development of hydrogen mobility, a booming market. With sales in more than 25 countries, ENOGIA continues to prospect
for new customers in France and internationally. Founded in 2009 and based in Marseille, ENOGIA has nearly 50 employees
involved in the design, production and marketing of environmentally friendly technological solutions. ENOGIA's CSR
commitment represents an "Advanced" level of performance according to EthiFinance.
ENOGIA is listed on Euronext Growth Paris.
Ticker: ALENO. ISIN code: FR0014004974. LEI: 969500IANLNITRI3R653.
Contacts
Communication and corporate press
Sylvie Bourdon
Investor relations and financial media
L'Agence ComFi by CIC Market Solutions Head of Marketing Communications
Sophie Le Bris & Cindy David
enogia-investir@cic.fr sylvie.bourdon@enogia.com
01 53 45 80 59 / 06 65 15 83 58
06 18 43 90 12
Find all of ENOGIA's news on https://enogia.com/bourse ----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file File: ENOGIA_CP_CA_H1_2021_VENG
1222080 27-Jul-2021 CET/CEST
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July 27, 2021 12:00 ET (16:00 GMT)
