PARIS and MILAN, March 1,
2017 /PRNewswire/ --
Electro Power Systems S.A. today
announced preliminary (unaudited) FY 2016 Revenues and an
operational update:
- Preliminary revenues at 7.1 million
euros, orders backlog1 increased to
6.4 million euros
- Sales in Africa,
Asia Pacific and Latin America representing more than 50% of
preliminary revenues
- Installed base2 in 2016 connected
to 26.5 MW of microgrids and 12 MW of grid-support systems
deployed
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2016 Preliminary Revenues
Preliminary (unaudited) revenues for the financial year ended on
31.12.2016 reached 7.1 million euros, exceeding the guidance of
6.4 to 6.9 million euros updated on
14 November, 2016.
Sales in Africa, Asia Pacific and Latin America amounted to 51% of reported
preliminary revenues, confirming an increased geographical
diversification of the installed base, while Europe and North
America represented 49% of the sales.
2016 Installed Base
In 2016 EPS installed and had at 31
December 2016 under commissioning Hybrid Energy Storage
Systems (HyESS) connected to 26.5 MW microgrids integrated with
renewables and energy storage. In the grid-support segment, EPS
installed and had under commissioning more than 12 MW.
In aggregate, EPS realized 36 large-scale projects, including
off-grid hybrid systems serving microgrids powered by renewable and
energy storage for a total installed power of over 35 MW, in
addition to more than 18 MW of grid support systems, for a total
capacity output of 47 MWh of systems in 21 countries worldwide,
including Africa, Latin America, Asia
Pacific and Europe.
1. Backlog means (i) advances invoiced to clients according to
the contract subscribed, which will be recognized as revenues in
future years; (ii) purchase orders already received as of the date
of this press release, and (iii) revenues already contracted or
expected to be generated in 2017 and following years based on the
agreements currently in place with the customers.
2. System installed in 2016 and under commissioning at
31.12.2016.
The full version of the press release is available on our
website: http://electropowersystems.com/all-press-releases/
Media Contact:
Chiara Cartasegna
Head of Global Media Relations
+39-3489265993
chiara.cartasegna@eps-mail.com