GLOBAL ECO POWER (ex Energeo) : GEP achieved in 2010 a turnover of 107 k EUR

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GEP achieved in 2010 a turnover of 107 k¤. This turnover was calculated according to the work completion on 31st December 2010 of the two turnkey contracts sold to Leonidas group late 2010. The major part of the 32 m¤ turnover of these two contracts will thus be recorded on the fiscal year 2011.

 The operating result establishes a loss of 1 047 k¤ against a loss of 884 k¤ in 2009.

In the absence of any banking debts, the financial result is essentially represented by interests on current accounts. It amounts to - 162 k¤, against - 41 684 k¤ the previous exercise.

The net result amounted to - 1 210 k¤ against - 42 588 k¤ the previous year.

The shareholder's equity represented 36 212 k¤ on December 31st, 2010, against 37 379 k¤ on December 31st, 2009.

Philippe Perret, Executive Vice President of GEP declared: « The construction of our first two photovoltaic power plants will impact the accounts of GEP in the fiscal year 2011»

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