OREGE: 2021 Annual Results and Outlook

Neighbor Le Bretonneux, April 29, 2022 – 6 pm

resultsoS Annual plants 202 2021 And outlook

Summary financial information for the year ended December 31, 2021.

(Consolidated financial statements approved by the Board of Directors on April 21, 2021.
The audit procedure by the Audit & Supervisory Board Members is under final decision. )

k € – IFRS Standards 2021 2020 change
turn over 2,264 2006 + 13%
Net operating expenses:
Labor costs -3,149 -3,334
Other operating expenses:
Manufacturing and subcontracting -1,073 -980
Travel and evangelism expenses -604 -532
Rental and maintenance fees -422 -431
Other operating expenses -957 -1,334
Depreciation -55 -511
Depreciation -500 -744
Total net operating expenses – 6,760 – 7,866 -14%
Operating income -4,496 -5,860 -twenty three%
Revenue -108 -1,563
income tax – – – –
Net income -4,604 -7,423 -38%

turn over

Fiscal 2021 sales were € 2,264 thousand, while sales in 2020 were € 2,006 thousand (+ 13%).

Operating expenses

Total operating expenses have decreased by 14% compared to the previous year. This reduction was primarily due to the steps taken during the Covid pandemic to optimize the cost base of the still relevant Oredge. In addition, this decline is due to lower amortization of the pound sterling and the US dollar against the euro and the impact of favorable exchange rates.

Financing and finance

As of December 31, 2021, the Orège Group had cash of € 374,000 (as of December 31, 2020, € 403,000).

Financial debt is € 28,494 thousand, which includes a prepayment of € 26,631 thousand for shareholders’current balance (including € 23,423 thousand and a prepayment of € 20,909 thousand for shareholders’ current account at the end of 2020)’shareholders). Since the end of 2021, a new shareholder current account prepayment of € 3,322 thousand has been promised with Ellen Industries, which should cover the Olegge Group’s funding needs for 2022. ..


Impact of Pandemic About activities

Beginning in late 2021, most of the pandemic-related constraints have been lifted or lifted, with the Orege team in particular being able to move between Europe and the United States almost normally. Orège also hopes to be able to return to Japan next summer. We believe that the last project, signed and still frozen since the beginning of the pandemic, should be carried out in 2022.

In the United States, the continued implementation of the project signed in Wisconsin in 2021 and the recent signing of the second project in South Carolina are beginning to see the benefits of recovery. These two projects should generate approximately $ 100,000 in revenue by 2022.

In the UK, the two solutions Scottish Water purchased through partner WGM at the end of 2021 were still available in 2022 and delivered in the first quarter as planned, generating approximately € 600,000 in revenue. rice field.
In addition, Orège has just signed the first contract to sell a solution to a new “water company” of around € 300,000.

Finally, business development and project execution activities in other regions are proceeding as expected.

chains supplys obstacles
VSConflict between Russia and Ukraine

Global pressure on the supply chain, already recognized in 2021, continues and is being strengthened by the conflict between Russia and Ukraine. In 2021, Orège began manufacturing a certain number of solutions in anticipation of increased activity. Therefore, we are ready to stock and serve our solutions.
Orège also secured the production of additional solutions.
Therefore, the Orège Group does not expect significant restrictions on activities in 2022. On the other hand, we continue to be vigilant about activities after 2023.
For example, for recently launched orders, the price of stainless steel has risen by 50%. As a result, the Orège Group is rethinking its strategy for determining the selling price of its solutions.

Orège will present points of activity to the market in June 2022, the day it will be announced shortly.

More information

The 2021 annual financial report will be available in French (www.orege.com) on the company’s website starting May 5, 2022.

Orège has been listed on the Euronext – Paris regulated market since July 5, 2013. ISINFR0010609206–OREGE.

contact Oleg: Financial information – George Gonstherevthat is
[email protected] – Mob: +33 6 08 03 50 72

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