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    BLUE   FR0011592104


End-of-day quote. End-of-day quote Euronext Paris - 07/08
17 EUR   0.00%
2020BLUEá : Press release
2020Blue Solutions
2020BLUE SOLUTIONS : First-quarter 2020 financial information
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Blue Solutions: First-quarter 2020 financial information

04/20/2020 | 01:55am EDT


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
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.


All news about BLUE SOLUTIONS
2020BLUEá : Press release
2020Blue Solutions
2020BLUE SOLUTIONS : First-quarter 2020 financial information
2020BLUE SOLUTIONSá : 1st quarter earnings
2020BLUE SOLUTIONS : á 2019 Results
2020BLUE SOLUTIONSá : Annual results
2020BLUE SOLUTIONS : 2019 Revenue
2020BLUE SOLUTIONSá : 4th quarter earnings
2019BLUE SOLUTIONS : revenue for the third quarter 2019
2019BLUEá : Half-year financial report 2019
More news
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 -
Duration : Period :
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Income Statement Evolution
Managers and Directors
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