PARIS
and MILAN, Oct. 31, 2017
- Revenues over the first nine months increased by 64% to
€6.6mln
- €16.3mln and 39.4MW of Order
Intake[1] increased the Orders
Backlog[2] by 122% to €12.9mln
- Gross margin at 37% of reported revenues; €8.9mln
cash on hand heading into Q4
- Utility-scale storage systems and microgrids under
commissioning in Europe, Latam and
the Asia Pacific
- Sustained contract flow from the largest European utilities,
mostly on a turnkey EPC basis
- New industrial footprint now sealed in compliance with ISO
9001, ISO 14001 and OHSAS 18001
/PRNewswire/ -- Commenting on the figures, Carlalberto
Guglielminotti, Chief Executive Officer of EPS, said:
"In the third quarter, we reaped the result of our
effort over the past three years to affirm EPS as a leading
player in decentralized energy solutions with a unique
technology play to accelerate the energy transition. Orders
from the largest European utilities have proven our technology
leadership, competitiveness and strategic and industrial
maturity.
"We are delivering one of the largest installed bases of
commercial microgrids and utility-scale systems globally,
maintaining a high marginality level and strengthening our
industrial footprint. This confirms the solidity of the
Strategic Plan 2020 and enables the continuous deployment of our
disruptive technology towards the highest levels of engineering
excellence and operational efficiency."
STRATEGIC AND FINANCIAL HIGHLIGHTS
Over the first nine months of the year we were awarded contracts
and projects from Enel, Engie, Endesa, Terna, and Edison (EDF),
among others, for projects to be delivered mostly on a turnkey
Engineering, Procurement and Construction basis. This sealed the
international credibility of EPS Group as general contractor in the
delivery of cutting-edge microgrids and energy storage solutions to
leading utilities globally.
For full PR please visit
http://www.electropowersystems.com/all-press-releases/
For more information, visit
www.electropowersystems.com.
[1] Order Intake consists of the aggregate contract value in
terms of MW or euros with reference to all purchase orders
received, contracts signed and projects awarded year-to-date.
[2] Orders Backlog consists of the estimated revenue and other
income attributable purchase orders received, contracts signed and
projects awarded as of the date of this press release.
INVESTOR RELATIONS
Francesca Cocco, Vice President Investor
Relations
Tel. +33 970 467135, e-mail:
francesca.cocco@eps-mail.com
MEDIA CONTACTS
Image Building
Simona Raffaelli – Ilaria
Mastrogregori – Alexia Casaús
Tel. +39 02 89011300, e-mail: eps@imagebuilding.it
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SOURCE Electro Power Systems (EPS)