Blue Solutions reported consolidated earnings results for the year ended December 31, 2015. For the year, the company's turnover was EUR 122 million against EUR 97 million a year ago. Operating income was EUR 3 million against operating loss of EUR 6 million a year ago.

EBITDA was EUR 22 million against EUR 11 million a year ago. Net income was EUR 0.02 million against net loss of EUR 6 million a year ago. Net debt was EUR 19 million as on December 31, 2015 against EUR 20 million as on December 31, 2014.

The increase in turnover is attributable chiefly to increased deliveries of batteries to Bluecar, driven by the growth of car-sharing, and to Bluestorage in stationary solutions. Operating income was improved, due to higher sales of battery packs and a reduction in unit manufacturing costs.