- Revenue of €11.8m for the first half of 2024, up 13% on the
same period in 2023
- Acquisition of more than 5,000 new customers (vs. +4,000 in
H1 2023), taking the portfolio to 39,000 B2B customers
- Significant strategic investments of more than €700k
impacting operating performance in the first half of 2024, but
strengthening the Group's long-term profitable growth:
- Doubling of the Group's workforce, excluding the network of
brand-licensed branches, to 91 employees from 45 by the end of the
first half of 2023
- Development of new “Energy Transition” offerings
- Strengthening presence in key Spanish regions
- Preparation for entry into the Belgian market, now
effective
- Strong cash position of €7.9m at June 30, 2024
- 2025 targets confirmed
Regulatory News:
Mon Courtier Energie Groupe (ISIN code: FR001400H3A0 -
Ticker: ALMCE), a B2B energy brokerage company, today announces
its financial results for the first half of 2024, as approved by
the Board of Directors on October 17, 20241.
Guillaume Rouaud, CEO of Mon Courtier Energie Groupe,
declares: “This first half of 2024 testifies to the Group's
progressive growth in several respects, and confirms the solidity
of our business model. We are particularly proud to have achieved
sales of €11.8m, up 13% on the first half of 2023. We are also
convinced that our investments today will drive our growth
tomorrow. We have made the strategic choice to commit significant
resources, both human and operational, to accelerate Mon Courtier
Energie Groupe's international expansion. Although these
investments have a temporary impact on our operating income, they
are essential to reach critical mass and sustain our development in
key international markets. These initiatives, whether they involve
the densification of our branch network, internationalization or
the design of new offerings in the energy transition, are the real
levers of our growth and will bear fruit in the coming months to
achieve our 2025 objectives.”
_____________________________ 1 The statutory auditor's limited
review of the interim financial statements has been completed.
Simplified income statement
in € thousands
H1 2024
H1 2023
Revenue
11,821
10,444
Other operating income
645
324
Purchases consumed
(9,454)
(7,675)
Personnel expenses
(2,636)
(1,661)
Taxes
(70)
(43)
EBITDA
306
1,389
Depreciation, amortization and
provisions
(529)
(475)
Operating profit
(223)
914
Financial income
97
15
Extraordinary income
6
(18)
Income tax
(171)
(290)
Recurring income of consolidated
companies
(291)
622
Minority interests
(5)
(12)
Net profit / (loss) - Group
share
(286)
634
Revenue for the first half of 2024 rose by +13% to
€11.9m, including:
- 92.1% realized thanks to sustained excellent sales momentum in
France;
- 7.9% outside France, with continued sales growth in Spain.
Energy brokerage accounts for 92% of revenue, contract
management and optimization for 5.5%, and Energy Transition
business for 2.5%.
Operating expenses for the first half of 2024 rose by
+29% to €12.7m, reflecting major investments in broker recruitment,
sales network development and the design of new offers, to continue
fuelling growth, and break down mainly as follows:
- €9.5m in purchases consumed, corresponding mainly to the
remuneration of brand-licensed agencies, the driving force behind
the Group's commercial development. Their increase of +23% compared
to the first half of 2023 is explained in particular by the growth
in sales activity and the development of the network with the
opening of 6 branches, including 3 owned by the Group, over the
period.
- €2.6m in personnel costs, up +60%, reflecting strategic
recruitment to further expand the broker network in France and
Spain, and accelerate deployment of the Energy Transition
business.
The Group has provided €743k in direct investments (6% of
operating expenses) in its growth drivers: the French network,
international subsidiaries in Spain and Belgium, and energy
transition services.
In addition, 4 branches in the French network are 100% owned by
Mon Courtier Energie Groupe. Of these, three (Troyes, Dijon and
Besancon) were opened at the end of 2023 and continued to ramp up
during the half-year, to contribute - alongside the historic Lyon
branch - to the growth in the Group's business from the second half
of 2024.
Thanks to these investments, the number of Group employees at
June 30, 2024, has doubled to 91, compared with 45 at June 30,
2023. As a result, Mon Courtier Energie Groupe will be able to draw
on the talents of a total of 212 employees, including Group staff
and the network of brand-licensed branches, as soon as from the
second half of 2024.
Operating loss for the first half of 2024 was €223k,
compared with a profit of €914k a year earlier.
After taking into account financial income of €97k,
exceptional income of €6k and tax expense of €171k, net
income (Group share) for the first half of 2024 came to
-€286k.
Cash position at June 30, 2024
At June 30, 2024, the net cash position of Mon Courtier
Energie Groupe's stood at €7.9m, compared with €8.3m at December
31, 2023. This cash consumption is linked to the investments made
during the first half of the year, notably for the opening of new
branches and the development of the international
infrastructure.
H1 2024 highlights
Acquired over 5,000 new B2B
customers
Despite the volatility of wholesale electricity and gas prices,
which have almost returned to their pre-crisis levels of 2022, Mon
Courtier Energie Groupe has continued to grow its customer
portfolio, illustrating the resilience of its business model and
the strong need among businesses for sound advice in managing their
energy costs. The Group acquired 5,000 new business customers,
building a base of 39,000 active B2B customers by the end of the
half-year, which represents a solid foundation for growth, thanks
mainly to the complementary nature of its support offerings.
Development of the Energy Transition
offering
The Group continued to develop its Energy Transition offering
(2.5% of sales to June 30, 2024). Deployment of the new offerings
introduced at the end of the year 2023 (mobility audit, energy
audit, photovoltaic audit, energy transition support offerings) is
set to accelerate in the coming months following the major
investments made in the first half of 2024 in structuring dedicated
sales teams.
National and international network
growth
Mon Courtier Energie Groupe has allocated a significant
proportion of its first-half investments to developing its branch
network and structuring the Group to enable it to embark on a major
phase of international expansion. The Group has launched a major
recruitment campaign, bringing the number of brokers in its network
to 151, including those in the Group's 4 proprietary branches.
During the first half of the year, Mon Courtier Energie Groupe
strengthened its sales team in Spain with the recruitment of 6
people. Already present in 5 geographical areas (Madrid, Barcelona,
Galicia, Extremadura and Andalusia), the Group aims to cover the
main regions of Spain before the end of 2024, by recruiting 10 new
independent partners.
The Group has also adapted its offering to the specific
characteristics of the Spanish market, structuring three levels of
service (initial, premium, full) to meet the particular needs of
each company in managing its energy budget. At June 30, 2024, the
Group had 1,300 B2B customers in Spain.
In addition, Mon Courtier Energie Groupe has engaged
considerable resources to analysing the relevance of its
development in Belgium. Following an in-depth market study, the
Group set up its subsidiary MCE Belgium at the very end of the
half-year, marking a new stage in its European expansion.
As of June 30, 2024, Mon Courtier Energie Groupe's network
comprised 32 branches, perfectly in line with its target of 40
branches across Europe by the end of 2025.
Awards and distinctions
Mon Courtier Energie Groupe was ranked 7th in Best Workplaces
France 2024 in the category of companies with 50 to 250 employees,
marking a significant improvement on the previous year (28th). This
ranking testifies to the group's commitment to creating a healthy
and motivating working environment for its employees. In addition,
Mon Courtier Energie Groupe was awarded in the “Best Franchise
Networks 2024” ranking, underlining the excellence of its support
model for franchisees.
2025 targets
- Revenues of more than €40m
- of which more than 10% from energy transition consulting
services
- of which more than 15% generated abroad
- Operating income of around €5m
- A network of over 40 branches
About Mon Courtier Energie Groupe
Founded in Bordeaux in 2017, in just a few years Mon Courtier
Energie Groupe has become a major player in energy brokerage and
the leading French network on the B2B market. The Group’s mission
is to help companies with the global management of their energy
budget in order to reduce or optimise their gas and/or electricity
bill. Mon Courtier Energie Groupe service offer comprises brokerage
and advice regarding energy purchasing, the management and
optimisation of contracts and energy transition guidance.
Mon Courtier Energie Groupe draws on the expertise of around 212
employees split between the head office in Bordeaux, licensed
agencies in the regions and internationally in Spain and
Belgium.
For further information, please go to
www.moncourtierenergie.com.
Disclaimer regarding forward-looking statements and risk
factors
This press release contains forward-looking statements, not
historical data, and should not be construed as a guarantee that
the facts and data stated will occur. These forward-looking
statements are based on data, assumptions and estimates considered
reasonable by Mon Courtier Energie Groupe. Mon Courtier Energie
Groupe operates in a competitive and rapidly changing environment.
The company is therefore unable to anticipate all risks,
uncertainties or other factors that may affect its business, their
potential impact on its business or the extent to which the
materialization of any risk or combination of risks could lead to
results materially different from those expressed in any
forward-looking statement. Mon Courtier Energie Groupe draws your
attention to the fact that forward-looking statements are in no way
a guarantee of its future performance, and that its actual
financial condition, results of operations and cash flows, as well
as developments in the industry in which Mon Courtier Energie
Groupe operates, may differ materially from those contemplated or
suggested by the forward-looking statements contained herein.
Furthermore, even if the financial position, results of operations,
cash flows and development of the sector in which Mon Courtier
Energie Groupe operates are consistent with the forward-looking
information contained in this document, such results or
developments may not be a reliable indication of Mon Courtier
Energie Groupe's future results or developments. Readers are
invited to carefully examine the risk factors described in the
registration document approved by the Autorité des Marchés
Financiers ("AMF"), which is available free of charge on the
Company's website. Should any or all of these or other risk factors
materialize, Mon Courtier Energie Groupe shall in no event be
liable for any decision made or action taken in connection with the
information and/or statements contained in this press release, or
for any damages related thereto. This information is given only as
of the date of this press release. Mon Courtier Energie Groupe
undertakes no obligation to update this information or the
assumptions on which it is based, except in the event of any legal
or regulatory obligation applicable to it.
This press release and the information it contains do not
constitute an offer to sell or the solicitation of an offer to buy
or subscribe for shares in Mon Courtier Energie Groupe in any
country.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241017537827/en/
Mon Courtier Energie Groupe Guillaume Rouaud CEO
investisseurs@moncourtierenergie.com
NewCap Mathilde Bohin / Dusan Oresansky Investor
Relations mce@newcap.eu Tel: +33 (0)1 44 71 94 94
NewCap Nicolas Merigeau Media Relations mce@newcap.eu
Tel: +33 (0)1 44 71 94 98
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