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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%
2020BLUE : Press release
PU
2020Blue Solutions
GL
2020BLUE SOLUTIONS : First-quarter 2020 financial information
GL
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Blue Solutions: revenue for the third quarter 2019

10/17/2019 | 11:49am EDT


PRESS RELEASE


   October 17, 2019October 17, 2019  

Blue Solutions' revenue in the first 9 months amounted to €21.6 million compared to €29.3 million for the first 9 months of 2018. In 2018, however, the figure included €9.4 million royalty revenue from Bolloré in respect of a research agreement that has now ended.

Sales of traditional batteries represented revenue of €12.6 million in the first 9 months of 2019 (385 batteries sold) compared to €10.8 million at end-September 2018 (316 batteries sold). Sales of prototypes totaled €3.2 million at end-September 2019.

Battery production at end-September 2019 reached 345 units compared to 255 over the same period in 2018. Total battery inventories amounted to 576 units at end-September 2019 compared to 1,067 units at December 31, 2018.

As anticipated, the transformation of the production plants in Canada and Brittany is ramping up to manufacture the new generation of batteries offering higher performances and lower production costs.

 

Other information

The Bolloré Group reminds you that, following the simplified tender offer for Blue Solutions shares in July 2017, it undertook to launch a tender offer during the first half of 2020 for Blue Solutions shares at €17 per share.

The terms of this commitment can be found in Section 1.3.1 of the Bolloré SA Securities Note approved by the AMF on July 4, 2017 (approval no.17-326).

Changes in revenue


(in millions of euros)  3rd quarter  9-month total 
 2019  2018(1)  Reported growth  Organic growth  2019  2018(1)  Reported growth  Organic growth
  Blue Solutions  6.2  8.4  (26.0%)  (26.1%)  21.6  29.3  (26.1%)  (26.2%)

(1) 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.

Change in revenue per quarter


(in millions of euros)  1st quarter  2nd quarter  3rd quarter
   2019  2018 (1)  2018  2019  2018 (1)  2018  2019  2018 (1)  2018
  Blue Solutions  5.0  11.2  11.2  10.4  9.7  9.7  6.2  8.4  8.4

(1) 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
2020BLUE : Press release
PU
2020Blue Solutions
GL
2020BLUE SOLUTIONS : First-quarter 2020 financial information
GL
2020BLUE SOLUTIONS : 1st quarter earnings
CO
2020BLUE SOLUTIONS : á 2019 Results
AQ
2020BLUE SOLUTIONS : Annual results
CO
2020BLUE SOLUTIONS : 2019 Revenue
GL
2020BLUE SOLUTIONS : 4th quarter earnings
CO
2019BLUE SOLUTIONS : revenue for the third quarter 2019
GL
2019BLUE : Half-year financial report 2019
PU
More news
Financials
Sales 2019 26,4 M 31,2 M 31,2 M
Net income 2019 -42,9 M -50,7 M -50,7 M
Net Debt 2019 95,2 M 113 M 113 M
P/E ratio 2019 -11,5x
Yield 2019 -
Capitalization 496 M 566 M 587 M
EV / Sales 2018 13,8x
EV / Sales 2019 22,3x
Nbr of Employees 432
Free-Float -
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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