logo
Mon Courtier Energie Groupe Announces Its Full-Year 2024 Results and Unveils Its Strategic Action Plan and 2028 Targets

Mon Courtier Energie Groupe Announces Its Full-Year 2024 Results and Unveils Its Strategic Action Plan and 2028 Targets

Business Wire22-04-2025

BORDEAUX, France--(BUSINESS WIRE)--Regulatory News:
Mon Courtier Energie Groupe (ISIN code: FR001400H3A0 - Mnemonic: ALMCE), an energy brokerage company for businesses, today announces its results for the full year 2024, as approved by the Board of Directors on April 22, 2025 2, as well as its strategic action plan and 2028 financial targets.
Charlie EVRARD, Chairman and CEO of Mon Courtier Energie Groupe, states: "2024 was marked by solid revenue growth (+17% vs. 2023), driven in particular by the investments made in France and abroad following Mon Courtier Energie Groupe's IPO. This performance reflects the strength of our brokerage offering and the trust placed in us by our customers.
It also reflects the daily commitment and professionalism of our teams at head office and in the branches. 2024 saw a number of positive developments: stronger supplier partnerships, +3,000 customers, +45% in sales staff, the launch of the Customer Portal and the opening of our Belgian subsidiary.
Our cash position remained solid, close to €8m. However, profitability was temporarily impacted by a sharp increase in our headcount, linked to our geographic and service offering expansion strategy.
In a bid to swiftly restore operating efficiency, we are launching a targeted strategic plan to return to profitability in 2025 and to achieve our 2028 targets: €40m in revenue and €4m in operating income.
This plan is based on expanding our active customer base to 15,000 in France, increasing average revenue per customer, improving customer retention, upskilling brokers, and diversifying revenue stream, notably through our energy transition services.
We ended Q1 2025 with revenue of €6.4m, up 39% vs. Q1 2024. This positive momentum confirms the relevance of our strategic choices. Furthermore, to allow our shareholders to track our commercial performance more closely as we roll out our strategic action plan, we will now publish our revenue on a quarterly basis. I would like to thank all our teams for their commitment, and our shareholders for their continued trust and support."
____________________
1 An active customer may correspond to multiple delivery points. As such, at year-end 2024, the Group had approximately 10,000 active customers representing around 45,000 delivery points. Going forward, the Group will report on the number of active customers rather than the number of delivery points.
2 The audit procedures on the annual financial statements have been performed, and the statutory auditor's report is currently being finalized. The 2024 annual financial report will be published within the legal deadlines.
Expand
Simplified income statement
2024 revenue rose +17% to €24.7m, including:
€24.3m in France, of which 93% from brokerage activity;
€0.4m generated outside France (1.6% of total sales).
Operating expenses increased by +27% to €25.4m in 2024, broken down as follows:
€19.5m in consumed purchases, mainly corresponding to the commissions paid to brand-licensed branches, which are the key driver of the Group's commercial development. The +24% increase stems from higher revenue generated over the period.
€5.3m in personnel expenses, up +44%, reflecting recruitments to expand the branch network, accelerate the development of the "Energy transition" business and structure the teams in Spain and Belgium.
As a result, operating income for 2024 stood at -€0.2m, impacted by the launch of international activities (-€0.4m), the development of proprietary branches (-€0.7m) and the commercialization of the Energy Transition offering.
After considering the financial result of €91k (up +32%), the exceptional result of -€22k, the tax charge of -€278k and minority interests of -€29k, net profit (Group share) for 2024 amounted to -€0.3m (vs. €1.2m in 2023).
At December 31, 2024, Group and branch network staff had risen sharply to 200, vs. 147 at December 31, 2023.
Cash position as of December 31, 2024
At December 31, 2024, the Group's cash position stood at €7.8m, compared with €7.9m at June 30, 2024.
2024 HIGHLIGHTS
A portfolio of around 10,000 active B2B customers
Over the course of 2024, Mon Courtier Energie Groupe acquired more than 3,000 new business customers, bringing its active customer base to approximately 10,000 at year-end, a solid foundation for growth supported by complementary service offerings and contract renewals. Given that a customer may have several delivery points, this customer base corresponds to about 45,000 delivery points with active natural gas or electricity supply contracts. For optimal tracking of the customer base, the Group will henceforth report on the number of active customers, rather than the number of delivery points.
Expansion of the national and international network
Within the national network, Mon Courtier Energie Groupe has launched a major recruitment campaign, bringing the number of experienced brokers in France to 126.
In 2024, the Group also extended its footprint to Spain's five main regions (Madrid, Barcelona, Galicia, Extremadura and Andalusia). At December 31, 2024, the Group had 265 B2B customers in Spain. Mon Courtier Energie Groupe also entered the Belgian market in 2024, with the creation of a subsidiary in Liège, recruiting four brokers and launching operations in Q4 2024.
By December 31, 2024, Mon Courtier Energie Groupe's network comprised 136 experienced brokers.
Development of the "Energy Transition" offering
The Group continued to enhance its energy transition offering. While integration into the branch network and commercial ramp-up took longer than expected, the reorganization of the business should enable faster revenue generation in 2025.
STRATEGIC ACTION PLAN AND 2028 OBJECTIVES
Mon Courtier Energie Groupe has drawn up 2028 roadmap structured around four strategic pillars to reach its 2028 financial targets of €40m in revenue and €4m in operating income.
Growth drivers:
Increase the number of trained and experienced brokers
Consolidate certain agencies
Develop underpenetrated geographical areas
Implement an effective contract renewal strategy
The Company will capitalize on the recruitment of experienced brokers, capable of rapidly achieving high productivity levels, and will rely on groups of mature branches, enabling new employees to be supervised, trained and retained. At the same time, the company has carried out an in-depth analysis of its territorial coverage in France, and identified high-potential "under-exploited" areas where it will focus its future expansion. The Group aims to reach over 180 brokers across its national network by 2028, ensuring strong local proximity and improved customer loyalty.
2028 targets:
Network of over 180 brokers in France (vs. 126 brokers in 2024)
15,000 active customers in France (vs. around 10,000 in 2024)
PILLAR 2 – INCREASE IN REVENUE PER CUSTOMER
Growth drivers:
Targeting higher value-added B2B customers
Capitalize on contract renewals based on the age of the customer portfolio
Develop the penetration rate of sales of additional services
The Group's objective is to increase the average annual value of a contract by targeting "large accounts" customers, enabling it to capture significant volumes, improve the penetration rate of sales of additional services (support packages, tax optimization, logistics cost optimization, energy transition) while capitalizing on contract renewals. With an established and loyal customer base, renewals should account for most of the revenue by 2028.
2028 target:
60% of brokerage revenue from contract renewals (vs. 40% in 2024)
PILLAR 3 - CONTROLLED HEAD OFFICE COSTS
Levers for progress:
Adjusting headcount in 2025
Limiting workforce growth by 2028
Digitizing commercial and operational processes
With a view to optimizing resources, a reduction in headcount concentrated on non-strategic positions and functions is planned for 2025 through unreplaced departures and a redundancy plan, followed by a strict limitation on headcount growth until 2028. The focus will be on essential network needs (marketing, offers, IT), the digitization of customer relations and business processes (dedicated customer areas, new website, artificial intelligence tools), and the automation of sales processes for "low-volume' customers. As part of this effort, at the beginning of 2025, the Group launched a customer interface to simplify energy management, offering simplified access for energy management, providing access to consumption data, invoicing, and portfolio monitoring.
Growth drivers:
Increase customer portfolio and its value in Spain
Successfully launch activities in Belgium
International expansion is a key growth driver, with the Group's priorities being to increase the customer portfolio and its value in Spain, and to successfully launch activities in Belgium, while applying the same budgetary rigor as in France, to achieve operating profitability by the end of 2026.
2025 OUTLOOK
The Group targets 2025 revenue of €26m and a return to operating profitability, with operating income of around €1.5m.
Q1 2025 REVENUE
Sales for Q1 2025 were up +39% to €6.4m (vs. Q1 2024), including:
€6.1m in France, 95% of which from brokerage activity;
€0.3m from international operations.
Financial Agenda 2025*
Annual General Meeting: June 19, 2025
2025 half-year revenue: July 17, 2025
2025 half-year results and Q3 revenue: October 16, 2025
(*) Publications before market opening. 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.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI Time Platform Laurel Raises $100 Million to Transform the Professional Services Industry
AI Time Platform Laurel Raises $100 Million to Transform the Professional Services Industry

Business Wire

time24 minutes ago

  • Business Wire

AI Time Platform Laurel Raises $100 Million to Transform the Professional Services Industry

SAN FRANCISCO--(BUSINESS WIRE)--Laurel, the world's first AI Time platform, today announced it has raised $100 million in Series C funding led by IVP, with participation from GV (Google Ventures). Laurel will leverage this investment to scale its AI time platform and accelerate to solve what it calls the 'time intelligence challenge"—the inability for knowledge industries to accurately map time to business outcomes. In the age of AI, quantifying and understanding human capital goes from a 'nice to have' to a 'cannot exist without' for enterprises. In addition to IVP and GV, new investors in the round, which consists of primary and secondary funding, also include: 01.a (created by former CEO and COO of Twitter & CRO of Facebook), DST Global, Kevin Weil (CPO @ OpenAI), Alexis Ohanian, Vladimir Fedorov (CTO @ GitHub), Arash Ferdowsi (co-founder of Dropbox), and Hans Tung. These investors join returning investors ACME, Anthos, Gokul Rajaram, AIX Ventures, and Marc Benioff's TIME Ventures. The funding comes as Laurel experiences rapid adoption among enterprise professional services firms like Ernst & Young, Grant Thornton, Freshfields, and Crowell & Moring. Over the last 12 months, Laurel grew ARR +300% at double-digit scale, increased usage by +500%, and works with +100 of the top legal, accounting, and consulting firms across US, UK, EU, Australia, and Canada. Laurel's AI Time platform, now leveraged by hundreds of the world's top enterprise professional service firms, uses AI to automatically categorize, describe, and analyze how professionals spend their time on admin work. The platform's ability to connect time data with business outcomes has proven transformative for firms looking to maximize profits, allocate their resources effectively, and understand exactly what workflows to apply AI to and what agents to automate. Customers using the company's AI-native time platform report profit increases between 4-11%—driven by an additional 28 billable minutes per day per professional, and increased realization of 1-4%. Laurel's ROI methodology has been independently audited and validated by a Big-4 Firm. The platform currently processes over $5B in gross market value for its customers, and +$360M of that amount is net-new value attributable to Laurel. In addition, Laurel saves its professionals up to 80% in time recording, freeing them to work on high-leverage work. 'Laurel uniquely delivers value across lawyers, clients, finance, and marketing by streamlining time capture, enriching narratives, and accelerating accurate billing,' says Reed Cunningham, Chief Innovation Officer at global law firm Reed Smith. 'As firms assess the impact of AI and fixed fees, gaining granular intelligence with less effort is essential to redefining value within a firm and for its clients.' 'I've seen first-hand how Laurel can transform our approach to time intelligence. What used to be a manual process of time-keeping and entry is now significantly technology enabled,' says Matt Newnes, Partner and Tax Transformation leader at Ernst & Young. 'Laurel doesn't just help our people to capture time that they spend on work more comprehensively; it helps us to understand much more about how our teams work allowing us to identify best practices to help ensure we always drive the best outcomes for our clients. It has proven to be one of our most impactful AI investments, delivering measurable results while laying the foundation for broader transformation initiatives.' Automating time is Laurel's first step. Laurel's AI platform turns its proprietary data around work and time to address the #1 business problem impacting knowledge industries: operating without visibility into their supply chain. 'Nobody has ever mapped the input of time to the output of outcomes. Industries like legal and accounting are best at understanding their input (time), but still struggle to price value. On the flip side, industries like consulting and financial services understand value, but operate blind to the true cost of creation. While all other industries have been obsessed about optimizing their supply chain, the supply chain of knowledge work—which represents over 50% of Global GDP—has never been surfaced. This funding helps us solve this fundamental challenge while giving firms the data foundation they need to deploy AI strategically. We're not just automating time—we're creating the time intelligence layer that will transform how all knowledge industries operate," says Ryan Alshak, founder and CEO of Laurel. "Laurel has identified one of the largest efficiency gaps in the modern economy, one I understand deeply as a former CFO of a public company. Professional services represent trillions in global economic activity, yet these firms operate without basic visibility into their core resource – time. By solving the time intelligence challenge, Laurel creates a platform for broader AI transformation. As these industries invest heavily in AI over the next five years, Laurel's data foundation becomes essential infrastructure that truly tracks the ROI of AI. The market opportunity is massive, and Laurel's unique position makes them the clear leader in this space," says Ajay Vashee, General Partner at IVP. 'Laurel is creating the enterprise intelligence layer for knowledge work that leverages timekeeping as a product wedge,' said Frederique Dame, General Partner at GV. 'By capturing and organizing the full lifecycle of how professionals spend their time, Laurel unlocks a new class of data that makes work itself measurable, optimizable, and automatable. The goal isn't just better time tracking, it's building the data foundation for AI-powered workflows, predictive resourcing, and strategic insights.' Transforming How Knowledge Industries Understand and Optimize Work While manufacturing companies know exactly how much it costs to produce a car down to the penny, and retail businesses track inventory with precision, professional services firms have historically operated without understanding their most critical resource: human capital. Both the outcomes of the work itself and the time it takes to produce it. As a result, organizations are operating blind on what the biggest impact for AI is across their companies, and how to point people to highest value tasks (like Business Development, Relationship Management, and first principles strategic thinking). As knowledge industries plan to spend over $1 trillion on AI in the next five years, Laurel's time intelligence platform ensures these investments target the highest-impact opportunities. Key customer results include: Average recovery of 28+ billable minutes per professional per day 4-11% increase in overall firm profitability 80%+ reduction in time spent on manual time entry Real-time visibility into project profitability and resource utilization 'While Laurel is unique in that it is AI that generates profits, the reason everyone at Laurel cares so much about solving this problem is because people waste so much time at work, and the only way to solve this at scale is to deeply understand where that time is going,' says Alshak. 'And we're starting with professional services because that will give us the human-in-the-loop required to create the world's first-ever agentic timesheet. The average knowledge worker works 9 hours a day, but only adds leverage for 3. That is 3 hours a day we're doing work that should be done by agents, and 3 hours a day we're doing work that nobody should do. That is our opportunity set – 6.4 billion years currently being spent by knowledge workers on tasks humans no longer need to do. That is our opportunity.' About Laurel Laurel is the world's first AI Time platform for professional services firms. The company's AI transforms how organizations track, analyze, describe, and optimize their most valuable resource: time. By automating work time and connecting time data to business outcomes, Laurel enables firms to increase profitability, improve client delivery, and make data-driven strategic decisions. Founded in 2018, Laurel serves many of the world's largest accounting, consulting and law firms. For more information, visit About IVP IVP supercharges growth in breakout companies, converting momentum into market dominance. One of the original venture firms on Sand Hill Road, IVP partners with companies that define their eras—from Slack, Crowdstrike and Coinbase to Perplexity, Abridge, Glean and Chainguard—before the world truly appreciated them. Each year, IVP invests in just a dozen breakout founders ready to scale from millions to hundreds of millions in revenue and expand from one market to many. We've guided market leaders through cycles and storms, unlocking pivotal growth by activating the right expertise at the moments founders need it. With 130+ IPOs out of 400 investments, IVP helps ambitious founders defy limits, command industries and cement their place at the top.

DEEPX and Wind River Collaborate to Advance Mission-Critical Edge AI Applications
DEEPX and Wind River Collaborate to Advance Mission-Critical Edge AI Applications

Yahoo

time40 minutes ago

  • Yahoo

DEEPX and Wind River Collaborate to Advance Mission-Critical Edge AI Applications

SEOUL, South Korea & ALAMEDA, Calif., June 10, 2025--(BUSINESS WIRE)--DEEPX, a pioneering on-device AI semiconductor company, and Wind River, a global leader in delivering software for the intelligent edge, have collaborated on a hardware and software solution for next-generation edge AI. The partnership combines DEEPX's on-device AI semiconductors with Wind River's VxWorks® real-time operating system (RTOS) and Wind River® Helix™ Virtualization Platform to help advance solutions for mission-critical industries such as aerospace, defense, industrial, and robotics. "Edge AI is on a path to unlock incredible opportunities across a diverse range of industries. Together with Wind River's long heritage in software for markets that are highly dependent on safety, security, reliability, and edge expertise, DEEPX can provide customers with innovative edge AI platforms that deliver exceptional performance, cost, and power efficiency," said Lokwon Kim, CEO, DEEPX. "The growth of real-time physical AI is creating immense potential for mission-critical environments while also presenting new, complex challenges. The collaboration between DEEPX's advanced AI semiconductors and Wind River's proven edge technologies will help advance AI to deliver tremendous outcomes across applications and industries," said Avijit Sinha, Senior Vice President, Strategy and Global Business Development, Wind River. With the enablement of DEEPX's neural processing units (NPUs) on Wind River technologies, companies can easily add accelerated AI to their real-time or edge systems, at lower cost. DEEPX and Wind River work to deliver a pre-validated solution stack that addresses safety and security issues, helping companies significantly reduce complexity and development cycles. A leader in on-device AI, DEEPX develops advanced AI semiconductors that optimize performance, reduce power consumption, and enhance cost efficiency across various industries, including smart camera modules, smart mobility, smart factories, consumer electronics, smart cities, surveillance systems, and AI servers. DEEPX's cutting-edge AI chips are engineered for maximum efficiency and effortless integration into any device. Market-leading VxWorks is the industry's most trusted and widely deployed RTOS for mission-critical systems that must be secure and safe. The first commercial RTOS to support Open Container Initiative (OCI)–compliant containers, VxWorks enables companies to rapidly deploy new software-defined capabilities. Helix Platform is a hypervisor solution that enables engineering teams to consolidate multiple systems onto a single high-performance embedded system. It streamlines safety certification, reduces project risk, and accelerates time-to-market. About DEEPX DEEPX is leading the next-generation semiconductor market with its innovative AI technology and global competitiveness. The company has filed over 300 patents worldwide and registered more than 70, securing world-class proprietary AI semiconductor technology assets. DEEPX has been listed in the EE Times "Silicon 100" for two consecutive years and was named "Best Company in the AI Semiconductor Industry" by U.S. market research firm Frost & Sullivan. DEEPX continues solidifying its position as a key player in the AI semiconductor market through its global achievements and recognition for its innovation and technological leadership. About Wind River Wind River is a global leader in delivering software for the intelligent edge. For more than four decades, the company has been an innovator and pioneer, powering billions of devices and systems that require the highest levels of security, safety, and reliability. Wind River software and expertise are accelerating digital transformation across industries including automotive, aerospace, defense, industrial, medical, and telecommunications. The company offers a comprehensive portfolio supported by world-class global professional services and support and a broad partner ecosystem. To learn more, visit Wind River at Wind River is a trademark or registered trademark of Wind River Systems, Inc., and its affiliates. Other names may be the trademarks of their respective owners. View source version on Contacts MEDIA CONTACT Jenny SuhWind

Backing the Future of Global Biotech: Reynold Lemkins' Strategy Across Borders and Stages
Backing the Future of Global Biotech: Reynold Lemkins' Strategy Across Borders and Stages

Yahoo

time40 minutes ago

  • Yahoo

Backing the Future of Global Biotech: Reynold Lemkins' Strategy Across Borders and Stages

HONG KONG, June 10, 2025--(BUSINESS WIRE)--Reynold Lemkins Group, an international investment firm focused on value-driven cross-border capital deployment, announced the continued advancement of its strategic focus in late-stage healthcare, AI-powered therapeutics, and Asia-centered biotech commercialization. As part of this strategy, Reynold Lemkins recently participated in the IPO of VISEN Pharmaceuticals on the Hong Kong Stock Exchange (HKEX: 02561). VISEN, a biopharmaceutical company specializing in long-acting growth hormone therapies, attracted strong institutional demand and represents the kind of regulatory-validated, commercially scalable business the firm targets. Reynold Lemkins invested alongside globally recognized healthcare investors including HongShan Capital Group (previously Sequoia China), Sofinnova, Vivo Capital, OrbiMed, and WuXi Biologics (HKEX: 2269), reinforcing its commitment to cross-border innovation and long-term capital alignment. This investment underscores Reynold Lemkins' broader strategy of supporting science-driven, late-stage companies with scalable market potential—particularly those operating at the convergence of AI, therapeutics, and Asia-Pacific commercialization. "Our approach focuses on more than capital—we provide strategic insight and cross-border connectivity to help companies scale," said Kris Haoran Liu, President and Chief Investment Officer at Reynold Lemkins Group. "Biotech firms entering public markets need partners who understand both the science and the structure of global growth." With Asia playing an increasingly pivotal role in global healthcare, Reynold Lemkins sees a growing need for capital strategies that link scientific innovation with scalable regional execution. At the same time, the firm closely tracks trends in the U.S. and other mature markets, where biotech companies are navigating longer paths to liquidity and require strategic partners with global reach. Reynold Lemkins positions itself at this intersection—bridging East and West, public and private markets—to support companies shaping the next era of patient-centered care. To learn more, visit follow us on LinkedIn, or explore our insights on Medium. View source version on Contacts Reynold Lemkins Groupreynoldlemkins@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store