Blue Solutions : third-quarter 2016 financial information
- 151
BLUE SOLUTIONS |
Third-quarter 2016 fnancial information November 14, 2016
- Third-quarter 2016 turnover: €21.6 million, -19% on a reported basis
(-19% at constant scope of consolidation and exchange rates) compared with Q3 2015
- Nine-month 2016 turnover: €87.3 million, -3% on a reported basis
(-3% at constant scope of consolidation and exchange rates) compared with Q3 2015
Third-quarter and Nine-month 2016 turnover
Blue Solutions' consolidated turnover totaled €87.3 million at end-September 2016, down 3% compared with September 2015 (€89.9 million). In Q3 2016, Blue Solutions' turnover was €21.6 million, down 19% compared with Q3 2015 (€26.6 million).
In total, 1,948 batteries were shipped in the first nine months, compared with 2,150 at end-September 2015
(-9%). Bluecar's growth continued at a steady pace in Q3, driven by the development of the E-Mehari and the continued growth of car sharing. The Bluebus business also continued its development, driven by sales of
6-meter buses and the start of sales of 12-meter buses.
However, the momentum of these activities did not fully offset the lack of deliveries in stationary applications, where many projects are currently in the study phase.
Significant events
After a test phase, Bluetorino, Turin's first car-sharing service(1), is now in operation. To date, it has over 100 charging terminals, 20 stations and more than 80 vehicles;
- Blue Solutions has acquired the US start-up Capacitor Sciences Incorporated (specialized in the study and research of new electricity storage molecules) with the aim of substantially improving the performance of LMP batteries (density, life cycle and charging speed).
Change in Blue Solutions turnover - Third-quarter and 9M 2016 |
(in € million) | Third quarter | Accumulated 9 months |
2016 | 2015 | Organic growth | Reported growth | 2016 | 2015 | Organic growth | Reported growth | |
Blue Solutions | 21.6 | 26.6 | -18.8% | -18.8% | 87.3 | 89.9 | -2.9% | -2.9% |
Change in Blue Solutions turnover by quarter |
(in € million) | First quarter | Second quarter | Third quarter | ||||||
2016 | 2015(2) | 2015 | 2016 | 2015(2) | 2015 | 2016 | 2015(2) | 2015 | |
Blue Solutions | 31.2 | 26.4 | 26.4 | 34.5 | 36.9 | 36.9 | 21.6 | 26.6 | 26.6 |
- : These activities are not part of the Blue Solutions scope, but their development brings significant opportunities to the Blue Solutions business.
- : Organic i.e. at constant scope of consolidation and exchange rates
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Blue Solutions via Globenewswire
GlobeNewswire Europe, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.