Mon Courtier Energie Groupe Announces H1 2024 Revenue Growth of +13% to €11.9m By Investing.com

• Solid growth momentum in the first half:
  • 5,000 new accounts to reach a customer base of 39,000, up +39% vs. H1 2023
  • Opening of 2 new branches, taking the network to 32 branches by June 30, 2024

• Confirmation of Group targets for 2025

BORDEAUX, France–(BUSINESS WIRE)–Regulatory News:

Mon Courtier Energie Groupe (ISIN code: FR001400H3A0 – Ticker: ALMCE), an energy broker for businesses, today announced its revenue for the first half of 2024.

Guillaume Rouaud, CEO of Mon Courtier Energie Groupe, comments: “Mon Courtier Energie Groupe once again recorded revenue growth at the end of the first half of 2024. This good momentum illustrates the relevance of our business model and the interest of our customers in working with our experts in energy brokerage. By the end of 2023, we had expanded our offering to include new solutions geared towards the energy transition, and we are now witnessing a gradual build-up of this business, which will gain momentum over the coming months. Lastly, the first half of the year confirmed the relevance of our international business model, with the substantial expansion of our customer base in Spain. On the strength of these assets, we are perfectly positioned to pursue healthy and profitable growth, and confident that we will achieve the objectives set at the time of our IPO just over a year ago.

Activity in the first half of 2024

The first half of 2024 was marked by the acquisition of 5,000 new customers and the opening of 2 new branches in France (Angers and Clermont-Ferrand), bringing the number of branches to 32 at June 30, 2024.

Revenue for the first half of 2024 amounted to €11.9 million (+13% compared to H1 2023), breaking down as follows:

• 96% of revenue from brokerage: business continues to grow, thanks to recruitment and the opening of 7 new branches in 2023.

• 2% of revenue from the “Energy Transition” business: revenue were stable compared to the first half of 2023, due to a slight drop in support requests linked to the “Decree on the tertiary sector” and the “Guarantee of Origin” in 2024, offset by the gradual ramp-up of the new offerings launched at the end of last year (Mobility Audit, Energy Audit, Photovoltaic Audit, energy transition support services), the roll-out of which should accelerate in the coming months.

• 2% of revenue generated internationally: the proportion of revenue generated in Spain has doubled compared to the first half of 2023, thanks to the acquisition of new customers (1,300 B2B accounts at June 30, 2024) and geographic expansion with a presence in 5 major zones at June 30, 2024. The Group’s Mi energia manager subsidiary currently relies on the expertise of 10 sales people, 6 of whom were recruited in the first half of 2024.

2025 targets confirmed

• Revenue of more than €40m:
  – of which more than 10% from energy transition consulting services
  – of which more than 15% generated abroad
• Operating income of approximately €5m
• A network of more than 40 branches

Next financial publication

2024 first-half results: October 18, 2024 (before market opens)

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 circa 180 people at its head offices and in licenced branches around the country.

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/20240717484131/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

Source: Mon Courtier Energie Groupe