Q3-2017 revenue
- Sustained commercial growth
- Pace of customer acquisitions on the rise again
- Annual target of 2.5 million customer sites achieved one quarter in advance
Continued rise in revenue thanks to the commercial dynamic
Q3-2017 revenue posted solid growth to stand at €363.9 million, driven in particular by sales activity that remained very strong. Restated for regulatory items which positively impacted Q3-2016, and to a lesser extent Q3-2017 revenue, the growth reaches +20%.
Over the first nine months of 2017, growth in business, restated for these regulatory items, amounted to 19%, resulting in revenue of €1,369.9 million. The production segment, which is included in the Group's energy supply strategy, contributes to this performance for an amount of around €41.2 million.
With almost 2,503,000 customer sites at end of September, the Group reaches its 2017 annual target one quarter ahead. This achievement is mainly driven by customer site acquisitions in France (248,000 vs 206,000 in Q3 2016, +20.4%), market on which the Group now supplies 2,440,000 customer sites (a 25% increase compared to end of September 2016). Even though the residential segment is still a major contributor with 231,000 acquisitions over the quarter, the Group continues to gain market shares on the non-residential segment reminding the year 2016 was a particularly successful period in terms of acquisitions thanks to the termination of the regulated tariffs for theses specific consumers starting 1 January 2016.
2017 annual targets confirmed
This continued commercial development enables the Group to confirm its annual revenue target of €2 billion, and a current operating income of €100 million subject to temperatures in line with seasonal normals over Q4 2017.
