April 29, 2022
Annual results for 2021 rose slightly during an exercise that enabled the group to transform:
Continued business growth (+9%) driven by DBT CEV
Reduction of net loss by 7% in a context of strong investment
Increase in equity of 3.4 million euros
Strong growth in incoming orders in the last 9 months, allowing us to anticipate a 2022 fiscal year with high growth:
Order book of 4 million euros at the end of March 2022 equivalent to 2021 sales
Turnover of 1.8 million euros in the first 3 months of 2022
Brebières, Friday, April 29, 2022 – The DBT group (Euronext Growth – ALDBT), a European specialist in fast charging stations for electric vehicles, today published its annual results for the year 2021.
|in K€ (1)||2020||2021||Variation|
- unaudited data
2021 activity driven by growth in DBT CEV revenue
After a financial year of 2020 interrupted due to the pandemic, DBT’s consolidated revenue grew 9.3% in 2021, benefiting from the good moment of the electric mobility market. The final turnover of DBT CEV amounts to 2,491 K€, an increase of 36.9% compared to the same period of the previous year. The group is reaping the first fruits of its development strategy for innovative electric charging stations with numerous successes in fast charging. In a context of supply tensions that accelerated in the second half of the year, DBT, with its positioning favoring “made in France”, was able to take advantage of real competitive advantages that allowed it to win new contracts and better serve them in manufacturing . .
Results that reflect promising strategic investments for the future
In 2021, the group made major investments to develop the segment of charging stations for electric vehicles, namely:
- DBT took possession of its new plant in March. By doubling the useful surface, the company was able to increase its production capacity and reinforce its technological know-how.
- Throughout the year, recruitment was carried out in its sales forces and in its management teams in order to support the strengthening of DBT CEV’s activity and ensure its development under the best conditions.
At the same time, the group intended to retain all its human capital during periods of partial activity, which increased its operating costs, but allowed for a faster recovery of activity following the increase in orders in the second half of 2021.
As a result, the 2021 operating result shows a loss of €6,549 thousand, slightly lower than in 2020.
After accounting for exceptional income of 255,000 euros and financial income of 28,000 euros, the net result was -6,269,000 euros, representing a reduction in annual net loss of 496,000 euros.
A financial structure with reinforced equity
To ensure its development and taking into account the long cycle times, DBT used capital financing during the 2021 financial year under the agreement signed with Park Partners GP in March 2021.
As of December 31, 2021, DBT’s shareholders’ equity totaled €10,348,000 compared to €6,967,000 as of December 31, 2020, an increase of €3,381,000. Financial debt fell to €1,393k compared to €2,516k at the end of 2020.
According to what was announced in a press release last January, DBT will be able to count on a new, less diluting framework contract with ABO in 2022 within a tight envelope of 50 million euros.
Growth prospects reaffirmed for 2022
At the start of the new year, DBT takes advantage of the transformation of its development model towards electric mobility. Thanks to the effects of its new strategy, together with the significant investments made in 2021 to offer a range of charging stations, innovative and manufactured in France, and the reinforcement of its sales force, the group confirms the very good orientation of its activity. and its order backlog in the first quarter. 3-month invoicing reached 1.8 million euros, that is, an amount equivalent to what was achieved over the 9 months of 2021. At the same time, commercial activity is registering very strong growth with an order backlog of 4 million euros as of March 31, 2022, i.e. an amount close to the revenue recognized for the full year 2021.
To complement its revenue streams in 2022, DBT will accelerate the roll-out of its R3 offering as a fast-charging station operator, relying on Norauto, its first established customer.
In a rapidly growing market where, by the end of the decade, France is expected to have 6.3 million electric charging stations* (against around 255,000 in 2020) to charge the 13.5 million electrified vehicles, there will be almost one charging station charging available for every two cars in circulation. DBT intends to take advantage of this extraordinary revolution in uses to assert itself as a key player in France in electric mobility.
Alexandre Borgoltz, CEO of DBT, says:
“Fiscal 2021 was a source of blowouts for all DBT teams. The management of the pandemic, the move to new facilities, the integration of new resources and the strong dynamics of our markets punctuated the year with their share of challenges and opportunities. We are coming out of this period of transformation and today’s good commercial results are proof of that. In 2022, we will continue to implement our innovative offerings, to respond to the challenges of our customers and support the enormous growth of our market in a spirit of achievement and serenity.”
*Source: Delta-EE Panel
Founded in 1990, DBT is an industrial group specializing in energy management for urban space development and charging systems for all electric vehicles. Originally a supplier of electrical current transformers, the group now offers 3 ranges of activities:
Based in Brebières in Hauts-de-France, the DBT group has been listed on Euronext Growth since December 2015.
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