La Française de l'Energie : The route plan is confirmed. Target price raised to € 30.0 vs € 26.0
>No surprises in 2020-21 results - La Française de l'Energie (LFDE) yesterday published its full-year results (year to end-June 2021). The group had already published sales of € 10.2m, up 30%. FY 2020-21 was driven by an improvement in the volumes of gas, electricity and heat sold and the contribution from the new sites of Béthune and Creutzwald, as well as the increase in the price of gas in France (+36%) and electricity in Belgium (+42%). EBITDA was € 2.9m vs our fo...La Francaise de l'Energie is engaged in the operation of the French energy sector, with gas assets in northern and eastern France, specifically coal bed methane. Co. aims to substitute a portion of the gas imported into France with coal bed methane, which it produces, due to its low carbon footprint and production cost. Co.'s operations are mainly located in two areas: Lorraine, located in eastern France close to the Franco-German border, and in Nord-Pas-de-Calais, in the Hauts-de-France region located at the Franco-Belgian border. Co. operates in two operating segments: Lorraine which includes the exploration and certification of gas reserves and Avion which includes gas production.
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