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MarketScreener Homepage  >  Equities  >  Euronext Growth Paris  >  Dolfines    ALDOL   FR0010377127

DOLFINES

(ALDOL)
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Collaboration to bring floater on the international stage (Dietswell)

04/06/2020 | 03:36am EST

Collaboration to bring floater on the international stage
SIGNIFICANT NEWS

Dolfines/Dietswell has signed a Memorandum of Understanding with CIMC Raffles. This collaboration is a positive development, and, as we have argued in the past, was a necessary step for the commercialisation of the floater. CIMC Raffles is a Chinese company with a global presence, which should help to commercialise the floater internationally.


FACT

Dolfines and CIMC Raffles sign a Memorandum of Understanding in floating wind activities.


IMPACT

The main takeaway is that Dolfines/Dietswell gains a lot of leverage by collaborating with an international group with manufacturing capabilities.

CIMC Raffles is the offshore engineering subsidiary of the China International Marine Containers group (CIMC), owned by the China Merchant Group and Cosco Shipping. CIMC Raffles is an EPC (Engineering Procurement Construction) company with shipyards and has been working on oil & gas projects such as semi-submersible drilling platforms and jack-up platforms. It is therefore a group specialised in oil & gas and branching out into the, more dynamic, renewables space.

Lastly, the two companies are like-minded operators that share a background in offshore oil & gas, which is positive and should make the collaboration easier. CIMC has an international and diverse reach and has been contracted by oil majors such as BP and Petrobras. We believe the latter (oil companies) are the first potential customers for CIMC/Dolfines, which was confirmed by the marketing director of CIMC Raffles on the press release, with the group looking to “accompany O&G majors towards a carbon neutral future, securing profitable offshore production by giving O&G infrastructure a second life”.

Copyright 2020, Alphavalue
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JUST GROUP PLC 0.79% 57.65 Delayed Quote.-27.03%
LONDON BRENT OIL 1.13% 48.24 Delayed Quote.-27.73%
MAX CO., LTD. -1.44% 1438 End-of-day quote.-34.46%
SPACE CO.,LTD. -0.24% 815 End-of-day quote.-36.18%
THE GLOBAL LTD. 12.81% 273 End-of-day quote.-42.04%
THE NEW HOME COMPANY INC. 0.52% 5.76 Delayed Quote.23.61%
WILL GROUP, INC. 0.91% 999 End-of-day quote.-20.21%
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10/07DOLFINES : Focus stays on floater, rig inspection rebounds
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10/05DIETSWELL S.A. : Dietswell changes name to dolfines
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Financials
Sales 2019 6,36 M 7,60 M 7,60 M
Net income 2019 -2,66 M -3,18 M -3,18 M
Net Debt 2019 1,06 M 1,27 M 1,27 M
P/E ratio 2019 -2,06x
Yield 2019 -
Capitalization 11,4 M 13,6 M 13,6 M
EV / Sales 2018 0,67x
EV / Sales 2019 1,03x
Nbr of Employees 39
Free-Float 98,2%
Chart DOLFINES
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Technical analysis trends DOLFINES
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Income Statement Evolution
Managers
NameTitle
Jean-Claude Bourdon Chief Executive Officer
Delphine Bardelet Guejo CAO, Director-Finance & Administration
Jean-Marie Pierrot Deseilligny Director
Dominique Michel Vice President
Julien Warnan Manager-Engineering
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