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    BLUE   FR0011592104

BLUE SOLUTIONS

(BLUE)
End-of-day quote. End-of-day quote Euronext Paris - 07/08
17 EUR   0.00%
2020BLUEá : Press release
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2020Blue Solutions
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2020BLUE SOLUTIONS : First-quarter 2020 financial information
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Blue Solutions: First-quarter 2020 financial information

04/20/2020 | 01:55am EDT


PRESS RELEASE


First-quarter 2020 financial informationApril 20, 2020

In the three months to end-March 2020, Blue Solutions’ revenue amounted to €4.6 million, compared with €5.0 million in the same period in 2019, down 9% at constant scope and exchange rates (-9% as reported) on the first quarter of 2019.

Battery sales represented revenue of €2.0 million in the three months to end-March 2020 (compared with €3.2 million in the same period in 2019), with 75 batteries sold (vs 82 in the same period in 2019).

Production of new-generation batteries amounted to 146 units at the end of March 2020, up from 6 in the same period in 2019.

As anticipated, the transformation of the production plants in Canada and Brittany is allowing the development of new-generation batteries, produced from 2020, which offer better performances and lower production costs.

Sales are expected to increase significantly in the coming quarters – subject to possible delays attributable to Covid 19 – to honor contracts signed for electric buses and stationary facilities.

Simplified tender offer on Blue Solutions, followed by a mandatory de-listing:

On March 12, 2020, Bolloré SE announced plans for a simplified tender offer for Blue Solutions, following on from the commitment made at the time of the simplified tender offer carried out at a price of €17 per share in 2017. At that time, Bolloré SE undertook to make a new offer at the same price in 2020 in the event that the Blue Solutions share price were to remain below €17.

On April 8, 2020, Bolloré SE filed a proposed simplified tender offer(1) with the AMF in which Bolloré SE irrevocably undertakes to purchase all Blue Solutions shares from their owners at the price of €17 per Blue Solutions share.

The offer relates to all of the existing Blue Solutions shares not held by Bolloré SE, i.e. approximately 22.07% of the capital and 20.70% of the voting rights.

As part of Blue Solutions’ strategic repositioning in buses and stationary applications, and for reasons of cost-saving and simplification (cost of a listed company, tax consolidation, etc.), Bolloré SE intends to implement a mandatory de-listing procedure on Blue Solutions following the offer, in application of the provisions of Article L. 433-4 II of the French Monetary and Financial Code and Articles 237-1 et seq. of the AMF General Regulation.

(1) The offer and the draft offer document are subject to review by the AMF.

Change in revenue


(in millions of euros)first quarter
 20202019(2)ReportedOrganic
   growthgrowth
Blue Solutions4.65.0-9%-9%

(2) at constant scope and exchange rates
All amounts are expressed in millions of euros and rounded to the nearest decimal.
As a result, the sum of the rounded amounts may differ slightly from the reported total.

Attachment

All news about BLUE SOLUTIONS
2020BLUEá : Press release
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2020Blue Solutions
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2020BLUE SOLUTIONS : First-quarter 2020 financial information
GL
2020BLUE SOLUTIONSá : 1st quarter earnings
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2020BLUE SOLUTIONS : á 2019 Results
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2020BLUE SOLUTIONSá : Annual results
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2019BLUEá : Half-year financial report 2019
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More news
Financials
Sales 2019 26,4 M 31,5 M 31,5 M
Net income 2019 -42,9 M -51,2 M -51,2 M
Net Debt 2019 95,2 M 114 M 114 M
P/E ratio 2019 -11,5x
Yield 2019 -
Capitalization 496 M 566 M 592 M
EV / Sales 2018 13,8x
EV / Sales 2019 22,3x
Nbr of Employees 432
Free-Float -
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Managers and Directors
NameTitle
Jean-Luc Monfort General Manager
Fabrice Bouteau Chief Financial Officer
Vincent Marie Claude BollorÚ Chairman
ValÚrie Hortefeux Independent Non-Executive Director
Jean-Louis Milin Independent Non-Executive Director