Stabilization of activity: half-yearly turnover of EUR 5.3 million for 2016-2017

• Return to growth for charging stations


• 480 new charging stations delivered over the first half including 173 quick chargers (QCs)


• Order book of 179 quick chargers to be delivered before end-June 2017

DBT (ISIN Code: FR0013066750 – Ticker: ALDBT), the European leader in fast-charging stations for electric vehicles, has published its turnover for the first half of 2016-2017 (1 July to 31 December 2016).

In € million (pre-audit data)
H1 2015-2016
H1 2016-2017


Charging stations and associated services
3.8
 4.0


Transformers and urban systems
1.5
1.2


TOTAL
5.3
5.3

After two years of decline in turnover, DBT Group managed to stabilize its revenues for the first half of 2016-2017 (€5.3 million) as its terminal stations for electric cars return to growth (€4.0 million and 75% of turnover as against €3.8 million and 72% one year earlier).

For the time being, the company's longstanding activity of transformers and urban systems (access control bollards, power distribution units) continues to be penalized by a severe drop in volumes before the renewal, which is now complete, of a major contract for the supply of professional electric transformers in France.

BREAKDOWN IN ACTIVITY FOR CHARGING STATIONS

DBT Group delivered a total of 480 charging stations in the first half of 2016-2017, including:

• 173 quick-charging stations (QCs) generating turnover of €2.4 million,


• 294 semi-fast charging stations (VDK) generating turnover of €1.1 million.

The work carried out to update the fleet of QC stations, which is currently covered by guarantee, generated €0.4 million in reinvoicing to Nissan for the costs covered by DBT.

OUTLOOK

As well as this stabilization in turnover, DBT has set in place an energy plan to reduce its operating costs which should be reflected in its results at end-December 2016, whilst continuing with the development of its latest generation of 150kw charging stations. The sales launch of the NG150, presented at the Paris Motor Show and the eCarTec trade fair in Germany in autumn 2016, is still planned before the summer and the first deliveries scheduled for 2017-2018.

Meantime, at the end of December 2016, the Group's order book includes 179 quick-charging stations to be delivered before the end of June 2017, 25 of which were already delivered at the end of February.

FINANCIAL OVERVIEW

DBT cash assets amounted to €439 thousand at the end of February. The progress made in terms of its savings plan and the improved stability in turnover should allow it to meet its cash needs until May 2017.

Talks are still underway with new financial parters to secure the financing needed thereafter. The Group will keep the markets informed of all key developments.

ACTUS finance & communication

Jérôme Fabreguettes-Leib - Investor Relations

Tel. +33 (0)1 53 67 36 78 / [email protected]
ACTUS finance & communication

Anne-Catherine Bonjour - Media Relations

Tel. +33 (0)1 53 67 36 93/ [email protected]

 

DBT GROUP Communication

Marlène Maréchal

[email protected]

Source: Actusnews