AlphaValue Corporate Services Fundamental Analysis FR
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This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Ecoslops

CR
Bloomberg   ALESA FP
Other Energies  /  France  Web Site   |   Investors Relation
The cleantech making oil residues green
Latest12/09/2017

Agreement to deliver to Galp’s Sines refinery

Fact

Ecoslops and Galp have signed an agreement: Galp will buy Ecoslops’ refined cut at the market price at Sines.


Analysis

The agreement should be effective until 2020.
The first deliveries were performed in August, with a combined volume of 1,200 tons. The annual volume should fluctuate depending on Ecoslops’ feedstock, but could be as high as 10,000 tons/year.
Ecoslops has built a pipeline to connect its tanks with Galp’s crude oil pipeline.
This agreement shows, from an industrial perspective, Ecoslops’ ability to deliver high spec products. It also confirms the company’s ability to develop value-adding partnerships.


Target
Upside 114%
Price (€) 11.15
Market Cap (€M) 49.2
Perf. 1W: -5.91%
Perf. 1M: 2.76%
Perf. 3M: 54.9%
Perf Ytd: -2.19%
10 day relative perf. to stoxx600: -4.49%
20 day relative perf. to stoxx600: 5.59%
Updates

06 Apr 18 Earnings/sales releases
Lighter, greener, richer

01 Feb 18 Earnings/sales releases
2017 brought strong business development and...

30 Oct 17 EPS change
Integrating the capital increase

28 Sep 17 Earnings/sales releases
Positive EBITDA at Sines

23 May 17 EPS change
H2 16 update

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