FIRST-HALF 2022 REVENUE: ALMOST TRIPLE ACTIVITY

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Paris, July 18, 2022

In 000’€ S1 2021 S1 2022 Var k€ Var %
Ecoslops Portugal 3,095 6,752 +3,657 + 118%
Ecoslops Provence 1,884 +1 889 n / A
Beetle 266 +266 n / A
Total at current scope 3,095 8,902 +5 807 + 188%
Total at constant scope* 3,095 6,752 +3,657 + 118%

*at constant scope: restated for contributions from Marseilles unit and the Scarabox, for which there was no revenue in H1 2021.

Ecoslops achieved revenue of €8.9 million in the 1st half of 2022 compared to €3.1 million in the 1st half of 2021, up +188% at current scope and +118% at constant scope.

The Group’s revenue benefited in the first half of 2022 from the strengthening of its activity with:

  • Strong growth in sales of refined products in volume, up +98% at current scope (+53% at constant scope), representing 13,496 tonnes
  • An 88% improvement in the average selling price, linked to:
    • very favorable conditions on the energy markets (+78% linked to the rise in Brent and the dollar)
    • the results of the operational improvements made to the units: +10% linked to the product mix, i.e. more white products (naphtha, diesel) vs black products (fuel oil, bitumen)

Perspectives

In the Refined Products business, the Group remains confident about its production targets: 25,000 tonnes by Ecoslops Portugal and 10,000 tonnes by Ecoslops Provence, which continues to ramp up.

As for the Scarabox, the construction of the first unit, intended for Valtech Energy in Cameroon, has been completed. The unit is ready to be shipped to its operating site in Kribi.

ON ECOSLOPES
Ecoslops is listed on Euronext Growth in Paris – ISIN Code: FR0011490648
Mnemo: eligible for ALESA / PEA-PME & FCPI
Investor Relations: [email protected] – 01 83 64 47 43
Ecoslops is the cleantech that brings oil into the circular economy through innovative technology
enabling the company to recover petroleum residues and used lubricating oil into new fuels and light bitumen. The
solution proposed by Ecoslops is based on a unique industrial micro-refining process that transforms these
residues into commercial products that comply with international standards. Ecoslops offers an economical solution and more
ecological solution for port infrastructures, waste collectors and shipowners thanks to its treatment plants.

  • PR_July1822_Ecoslops_S12022_turnover

©OMX, source GlobeNewswire – EU Press Releases

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