zusätzlich zu den Zahlen wurde in dem aktuellen Gaussin Newsletter (von gestern) noch mega interessante Zusammenfassung von Fakten veröffentlicht. Ist viel zu lesen aber es lohnt sich und macht Spass für Investierte.
Here we go:
The sharp increase in sales for the first six months of 2021, both pro forma (+93%) and actual (+572%), reflects the rapid ramp-up of GAUSSIN's business as well as the successful integration of METALLIANCE consolidated in the group's accounts since July 2020. GAUSSIN received a historic order in March from CIT Abidjan, a port terminal jointly operated by Bolloré Ports and APM Terminals, a subsidiary of the Maersk group, thus reaping the rewards of 3 years of cooperation and co-development with the BOLLORE. Similarly, the signing of several partnership contracts with global players definitively establishes GAUSSIN as a major technological player.
The first half of the year was also marked by a series of major innovations in the logistics and heavy goods transport sectors, which will influence the group's future in the fast-growing market of clean and intelligent mobility. Finally, GAUSSIN's international expansion is enabled by numerous license negotiations on several continents. The company’s objective is to sign 41 licenses in the next 30 months.
*The half-year revenue figures are not subject to an audit by the statutory auditors.
1.§2021 1st half highlights
Launch of GAUSSIN North America
At the beginning of January, GAUSSIN announced the creation of its North American subsidiary, which is leading its commercial expansion across the Atlantic (Press release on January 4, 2021). This new strategic entity will accelerate the marketing of GAUSSIN electric and hydrogen vehicles following the important partnerships signed with Magna, Plug Power and Robotic Research.
Delivery of 7 Full Electric APM tractors to New Zealand
In January, GAUSSIN shipped 7 APM FULL ELEC port tractors to the New Zealand port operator CentrePort based in Wellington (Press release on 6 January 2021The group had already delivered 7 TT port trailers in December, 2020. CentrePort is New Zealand's most strategic intermodal hub, linking road, rail, domestic and international shipping services.
The Asia-Pacific subsidiary
This entity, based in Singapore (Press release on January 14, 2021), is in charge of deploying GAUSSIN's electric and hydrogen vehicle ranges throughout the countries in the region: China, Japan, South Korea, India, Australia, New Zealand and the ASEAN countries. This strategy will be implemented by granting licenses to local partners.
First participation in the Dakar rally-raid and preparation of the 2022 edition
In January 2021, GAUSSIN took part in the world's biggest rally-raid, the Dakar, as a partner of the Swiss team Rebellion (Press release on 15 January 2021). As of the 2022 edition, and until at least 2024, GAUSSIN will be the first team in the world with 100% hydrogen trucks to compete in the famous rally. The group will participate with its own hydrogen vehicle, which will be specially designed for the event.
Winner of the automobile modernization fund
GAUSSIN has been selected by the French Ministry of Industry as the winner of the call for projects to "support investments in the automotive industry" for its NewLine project (Press release on February 18, 2021). This recognition will enable the group to benefit from a State subsidy of 993,786 euros, intended for the modernization of the GAUSSIN site at Héricourt.
Acquisition of 10 Bluebus 6 meters from the BOLLORE group
GAUSSIN acquired 10 electric 6-metre Bluebuses, the flagship vehicle of the BLUEBUS range, a subsidiary of the BOLLORE Group (Press release on 22 February 2021). The objective is to transform the Bluebuses into autonomous vehicles for on-road applications that the group will market. At the same time, GAUSSIN has announced the complete acquisition of the autonomous driving system of a multinational engineering groupThis action will enable the Group to strengthen its technology in this field and to rapidly deploy flow automation solutions in closed environments and public roads.
Finalist in the Dubai World Challenge for autonomous vehicles
GAUSSIN is a finalist for the second time running in the Dubai World Challenge 2021 autonomous vehicle competition (Press release on 23 February 2021). For this new edition, the group is in consortium with Neolix China.
Launch of "Zero-emission Yard Automation
At the end of March, the group presented "Zero-emission Yard Automation", its new autonomous hydrogen tractor solution equipped with a robotic arm, designed for major logistics and e-commerce players (Press release on March 23, 2021). This disruptive technology, developed at the request of various customers, will be tested at two major logistics and e-commerce companies in the United States and Europe in mid-2021. View the video of the vehicle.
Bollore Ports and the Maersk group order 36 APM 75T HE
GAUSSIN received a firm order from CIT Abidjan, a port terminal jointly operated by Bollore Ports and APM Terminals, a subsidiary of the Maersk group, for 36 APM 75T HE electric tractors, 24 Powerpacks and 6 36-channel charging stations (Press release on 22 March 2021). This historic order is the largest since the launch of the APM 75T HE, a 100% electric tractor designed to transport containers in ports. It represents a turnover of 9.9 million euros.
GAUSSIN enters the hydrogen road truck market
The group presented the world's first "skateboard" for class 8 tractor or road trucks from 18t to 44t, hydrogen or all-electric, a rolling, versatile and modular platform intended for the various players in the market (Press release on 27 April 2021). The solution is aimed at traditional truck manufacturers as well as new entrants, but also at bodybuilders and autonomous navigation software players. More broadly, the skateboard targets all players wishing to have access to a hydrogen and electric platform for clean and intelligent transport. Access the video presentation of the skateboard and the technical presentation.
ECT, GAUSSIN and BOUYGUES ENERGIES & SERVICES agreement
This cooperation protocol covers the development of hydrogen mobility solutions in the public works sector. In its first phase, ECT will entrust BOUYGUES ENERGIES SERVICES with the development of a 2 MW renewable hydrogen production and distribution station (Press release on May 20, 2021). At the same time, ECT has entrusted GAUSSIN with the design and implementation studies to equip 3 types of GAUSSIN hydrogen trucks.
Partnership with HYNAMICS to conduct 4 "Moonroad" pilot projects
GAUSSIN and HYNAMICS, a subsidiary of EDF, signed a partnership agreement for the implementation as of 2021 of 4 pilot projects to demonstrate the efficiency and productivity of GAUSSIN's 100% autonomous and "dual energy" transport solutions, running on hydrogen and electricity (Press release on May 25, 2021). Supported by the French Ministry of Ecological Transition in charge of Transport, the project will be deployed from the end of 2021 and during 2022 and 2023.
Partnership with MICROVAST in new generation batteries
This partnership aims to integrate MICROVAST's new generation of batteries for GAUSSIN's electric and hydrogen skateboard applications (Press release on June 8, 2021). Thanks to its vertical integration capabilities, MICROVAST is able to provide a wide choice of different chemical cells in its standard battery packs to meet various technical requirements in terms of power, energy density and lifetime.
GAUSSIN chooses the NVIDIA DRIVE AGX platform for its autonomous trucks
GAUSSIN chose the NVIDIA DRIVE AGX Xavier platform to host its centralized intelligent driving system, designed to transform the truck industry and accelerate the transition to zero-emission freight transportation (Press release on June 17, 2021). NVIDIA DRIVE AGX Xavier's computational capacity allows GAUSSIN to centralize its skateboard architecture. It facilitates system integration and opens the door to AI-powered solutions, using a single framework and interface.
Creation of 2 assembly lines in Saint-Vallier, site of METALLIANCE
The group announced the creation of two assembly lines for ATM (logistics) and APM (port) vehicles in Saint-Vallier in Saône-et-Loire department, on a site adjacent to that of its subsidiary METALLIANCE (Press release on June 24, 2021). They are scheduled to start by fall this year. Eventually, the annual production capacity of this site will reach 450 to 500 vehicles with a workforce of 40 to 50 people on site.
PININFARINA signs the design of the new range of GAUSSIN road trucks
Drawing on its solid experience in sustainable mobility, PININFARINA has created a distinctive design identity for the new range of GAUSSIN trucks, which highlights the vehicles' strong points: performance and durability (Press release on June 28, 2021). The result of this collaboration is a design language that will give life to a complete family of innovative trucks, setting a new standard in the market.
2.§Revenues and license fees for the first half of 2021 of €20.3 million, versus €3.0 million for the first half of 2020, an increase of 572% (pro forma +93%)
GAUSSIN achieved consolidated sales of €20.3 million in the first half of the 2021 financial year, enabled in particular by the acquisition in July 2020 of METALLIANCE (€14.4 million in sales in the first half of 2020). In actual terms, revenues increased by 572%, and on a pro forma basis by 93%.
The logistics business, which is based on clean electric vehicles (ATM®, TSBM and MTO ranges), generated revenues of €2.8m in the first half of 2021 compared with €2.6m in the first half of 2020.
- ATM FULL ELEC (Automotive Trailer Mover) range dedicated to moving semi-trailers on logistics sites: delivery of 6 ATM mainly on logistics sites. In July 2020, the distributor BLYYD placed a firm order for 150 ATM FULL ELEC, vehicles intended for leading players in the logistics and retail sectors. The ATM already equips sites of CARREFOUR SUPPLY CHAIN, KUEHNE NAGEL, GERFLOR, LEROY MERLIN, CDISCOUNT, CONFORAMA, AUCHAN, BUT, COLISSIMO, DECATHLON, YVES ROCHER, LECLERC, SAFRAN, BARILLA and BHT Germany.
- The MTO (Made To Order) range, the group's historical activity, has generated deliveries to several customers, including DISNEYLAND Paris, STOLL-HYDRAULICS, NIDEC and BOUYGUES TP.
The port activity, which is aimed at operators of major ports throughout the world with the range of container transport vehicles with drivers (APM 75T) or autonomous (AGV PERFORMANCE®, AIV REVOLUTION and APM 75T AUTONOMOUS), Power Pack Full Elec batteries, as well as Docking Stations, generated €2.6 million in revenues during the first half of 2021, compared with €0.4 million during the first half of 2020.
- The APM 75T activity is showing significant growth with the delivery of 7 APM to CENTREPORT in New Zealand.
METALLIANCE’s activity is aimed at tunnel operators throughout the world and carries out subcontracted welded construction work. This activity had sales of €14.4 million as of June 30, 2021.
- The tunnel equipment activity represented a turnover of 11.4 M€ at June 30, 2021.
3.§GAUSSIN’s cash position stood at 10.9 M€ on June 30, 2021 compared with 8.1 M€ on June 30, 2020 (+34%)
The group, which has consolidated METALLIANCE since July 1, 2020 had a cash position of €10.9 million on June 30, 2021 (including €4.5 million for METALLIANCE) compared with €8.1 million on June 30, 2020.
4.§Promising development prospects thanks to an order book of €88.9 M on 30 June 2021 (+31%)
GAUSSIN's order book, including METALLIANCE and excluding royalties on future sales, amounts to 88.9 M€ (excluding options) as of June 30, 2021 compared to 67.9 M€ as of December 31, 2020 (+31%).
Since the Group communicates on an order book that extends over a long period, there may be either a time lag, which does not call the order book into question, or total or partial cancellations linked to the customer's activity, which would then have an impact on the Company's activity, results and financial situation. It should also be noted that, in general, the review of the order book is not part of the auditors' duties.
5.§Licensing strategy and global commercial deployment
After the introduction in 2018 and the development in 2019 of the licensing strategy, fiscal year 2020 saw the realization of this strategy with the sale of a license to generate revenues of €20.0 million.
As a reminder, licenses, including an entry fee and royalties on future sales (royalties), were granted to:
•§ST Engineering Land Systems (STELS) to manufacture and market the PERFORMANCE FULL ELEC "Ultra Fast Charge" AGV in Singapore. The 20-year contract enabled STELS to win the tender for the first batch of 80 vehicles for the PSA Port Singapore Authority's Tuas port project.
Following this success, in September 2019, GAUSSIN granted STELS 8 new licenses, including four exclusive licenses for the territories of Saudi Arabia, Thailand, United Arab Emirates and South Korea and four non-exclusive licenses for the territories of Indonesia, Qatar, Philippines and Oman.
•§The state-owned QATAR RAILWAYS COMPANY (QRC) on the autonomous vehicle fleet management program FMP (Fleet Management Platform), for applications in the semi-private sector, such as the Smart City Lusail project, the 2022 FIFA World Cup, transportation between metro stations and stadiums or Doha University.
•§Qatar's AL ATTIYA MOTORS for its electric vehicles dedicated to seaports, airports, logistics and smart cities. The contract includes not only the initial entry fee of 20 million euros, for an exclusivity covering the main countries of the Middle East, but also royalties of between 3% and 5% for possible future developments.
These partnerships validate the strategy implemented by GAUSSIN to enhance its technological know-how. This strategy enables GAUSSIN products to be rapidly deployed internationally, both for distribution and maintenance.