- Revenue growth driven by the energy brokerage business in
France, which reached €23.7m
- Acquisition of over 11,000 new customers in 2024, bringing
the portfolio to 45,000 accounts by year-end
- Slower-than-anticipated international expansion and Energy
Transition offerings, weighing on 2024 operating
profitability
- Return to operating profitability expected in 2025
- Initial 2025 financial targets (€40m in revenue and €5m in
operating income) now postponed to 2028
- Strategic action plan to achieve 2028 financial targets to
be presented with 2024 annual results
- Solid cash position of €7.6m as of December 31, 2024, vs.
€7.9m as of June 30, 2024
Regulatory News:
Mon Courtier Energie Groupe (ISIN code: FR001400H3A0 -
Ticker: ALMCE), a B2B energy brokerage company, today announces
its sales for 2024 and provides an update on its outlook.
Charlie EVRARD, Chairman and Chief Executive Officer of Mon
Courtier Energie Groupe, states: "The development of our
business and service offerings required significant investments
that impacted our operating profitability from the first half of
the year and will continue to weigh on our financial performance in
2024. At the same time, the strong momentum in our core business -
energy brokerage - demonstrates the robustness of our
brand-licensed branch model in France, which we will continue to
leverage while waiting for our international activities to gain
momentum. Indeed, as we have not yet reached critical mass in Spain
and Belgium, we are now focusing on developing larger client
accounts in these markets to progressively build a return on our
initial investments, which were necessary to break into these
high-potential markets. We are currently developing a strategic and
operational action plan to restore a trajectory of profitable
growth. Its gradual implementation will result in a postponement of
our 2025 financial targets to 2028.
We are convinced that, thanks to the resilience of our business
model, our innovative offerings, our unique expertise in energy
brokerage, and our base of 45,000 customers, we have powerful
levers to resume profitable growth in 2025."
Business development in 2024
Revenue growth of 18%, driven by brokerage
activity in France
The Group's 2024 revenue amounted to €24.7m (+18% vs. 2023),
with: 96% from energy brokerage, 2% from “Energy Transition”
services in France and 2% from international activities.
In the second half of 2024, revenue reached €12.9m, compared to
€11.8m in the first half of 2024, reflecting solid momentum,
particularly towards year-end, driven by the upskilling of
commercial teams recruited over the past 18 months.
This strong commercial performance stems from the acquisition of
11,000 new B2B customers in 2024, including 6,000 in the second
half of 2024, bringing the total customer base to 45,000 companies
as of December 31, 2024, primarily located in France.
At the same date, the Group’s network consisted of 32 branches
(vs. 30 at year-end 2023) and 140 brokers, with over 40 new brokers
joining Mon Courtier Energie Groupe branches in 2024.
Slower-than-expected international
expansion
In 2024, international revenue reached approximately €423k (vs.
€145k in 2023), mainly generated in Spain. While activity in Spain
more than doubled, its contribution to the Group’s revenue (2%)
remains below expectations, due to limited brand awareness in this
new market, which has so far prevented access to large corporate
clients.
Nearly two years after launching its commercial operations, the
Spanish subsidiary “Mi Energia Manager”, with around ten brokers
across its five Spanish branches in Madrid, Barcelona, Galicia,
Extremadura, and Andalusia, expanded the customer base to 1,400 B2B
clients as of December 31, 2024 (+500 vs. 2023), primarily very
small businesses. In 2025, the priority will be to acquire larger
customers (small & mid-size) to increase the average
billing.
Additionally, in 2024, Mon Courtier Energie Groupe entered the
Belgian market by establishing a subsidiary in Liège, recruiting
four brokers, and launching operations in the fourth quarter of
2024.
“Energy Transition” services gradually
ramping up after offering adjustments
At the end of 2023, Mon Courtier Energie Groupe had expanded its
Energy Transition service portfolio with new offerings, including
mobility audits, energy audits, photovoltaic audits and energy
transition advisory services. However, integrating these new
services within the branch network and commercializing them took
longer than expected, generating €434k in revenue in 2024.
The reorganization of the commercial approach for these services
should accelerate revenue generation in 2025.
Cash position
The €7.6m cash position as of December 31, 2024 allows the Group
to pursue its business development with confidence and implement
the strategic action plan that will be presented with the 2024
annual results.
Strategy and outlook
Postponement of 2025 financial targets to
2028
At the time of its IPO in spring 2023, the Group announced a
revenue target of over €40m and operating income of around €5m by
2025, along with plans to develop a network of at least 40
branches.
However, the significant investments made in international
expansion, the design of Energy Transition offerings, and workforce
expansion will negatively impact the Group’s 2024 operating
profitability and lead Mon Courtier Energie Groupe to revise its
2025 financial targets.
The Group now aims a 2025 revenue growth of between 5% and 10%
and a return to operating profitability.
The initial 2025 financial targets of €40m in revenue and €5m in
operating income are now expected to be reached by 2028.
Strategic action plan to achieve mid-term
objectives
To drive future growth and meet its 2028 targets, Mon Courtier
Energie Groupe is currently developing a strategic action plan
focused on rationalizing expenses, a more targeted commercial
approach, particularly in Spain, and refocusing the “Energy
Transition” offering on solutions where the Group has the strongest
expertise.
The Group plans to detail its strategic action plan during the
publication of its 2024 annual results, scheduled for April 22,
2025.
2025 Financial Calendar*
2024 annual results and presentation of the strategic action
plan: April 22, 2025
Annual General Meeting: June 19, 2025
2025 half-year revenue: July 17, 2025
2025 half-year results: October 16, 2025
(*) Information subject to change.
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 relies on the expertise of over 200
employees at head office and in “licensed” agencies in the
regions.
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/20250116850293/en/
Mon Courtier Energie Groupe Charlie Evrard Chairman and
Chief Executive Officer 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
Mon Courtier Energie Gro... (EU:ALMCE)
Historical Stock Chart
From Jan 2025 to Feb 2025
Mon Courtier Energie Gro... (EU:ALMCE)
Historical Stock Chart
From Feb 2024 to Feb 2025
