Turnover increase of 121% and solid profitability expected in 2013
Aix-en-Provence (France), February 26, 2014. Global EcoPower (FR0011289198 - ALGEP), a turnkey constructor of power plants using renewable energy sources, publishes its turnover for the fiscal year 2013 (ended on December 31, 2013).
| In K€ - Audited data | 2013 | 2012 | Variation |
| Turnover | 12 443 | 5 622 | + 121% |
Global EcoPower has recorded an annual turnover of 12 443 K€, representing an organic growth of 121% compared to 2012. This strong increase is the result of the group's strategy of deployment in wind power initiated in 2012.
Thus, the construction of the first wind farm was completed in the 2nd half of 2013, as planned, allowing the connection to the ERDF grid in December 2013. The other plants currently under construction will be completed in 2014 while the realization of new projects in France is currently being secured.
STRONG GROWTH OF OPERATIONAL PROFITABILITY EXPECTED IN 2013
Along with the strong growth of its business, Global EcoPower anticipates a significant increase in its profitability in 2013, compared to an EBITDA margin of 19.1% in the fiscal year 2012.
Jean-Marie Santander, CEO of GEP says:
« Global EcoPower has restored a sustained and highly profitable growth in 2013, fulfilling its successful deployment in the wind sector in order to accompany the energy transition of our country. These results show the great skill and experience of our team in building independent power plants.
The year 2014 will be marked by the implementation of a new component of our strategy with the objective of maintaining for our own account some of the wind farms built, in order to increase the recurrence of our revenues and earnings. »
FINANCIAL CALENDAR: publication of 2013 annual audited accounts, April 2, 2014 before the market opens.
About Global EcoPower
Global EcoPower (GEP) is a "turnkey" constructor of power plants using renewable energies. GEP is listed on the NYSE Alternext Paris Market of NYSE Euronext (ISIN code: FR0011289198 - ALGEP).
Contacts
| Global EcoPower Philippe PERRET Executive Vice-President Tél. : + 33 442 245 016 [email protected] |
ACTUS Finance Mathieu OMNES Investor relations Tél. : + 33 (1) 72 74 81 87 [email protected] |
ACTUS Finance Jean-Michel MARMILLON Press relations Tél. : + 33 (1) 53 67 07 80 [email protected] |
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