Revenues and license fees: €52.8 million
versus €40.6 million a year earlier (+30%)
Revenues and license fees for the second
half of 2021 of €32.3 million compared to €20.5 million for the
first half of 2021
Cash position of €20.4 million as of
December 31, 2021 versus €16.3 million in 2020
Excellent outlook thanks to strong growth in
the order book from €67.9 million as of December 31, 2020 to €77.1
million** as of December 31, 2021
GAUSSIN (ALGAU - FR0013495298) publishes today its
consolidated revenues for the fiscal year 2021 (unaudited).
1. Strong acceleration of GAUSSIN Group's
The GAUSSIN Group's 2021 turnover is up sharply (+30%) compared
to 2020, which had already seen a doubling of sales compared to
2019. This dynamic reflects the success of GAUSSIN's strategic
choices in the development of clean and intelligent mobility for
goods and people.
The success in January 2022 of GAUSSIN's participation in the
Dakar Rally with the H2 Racing Truck®, the most powerful
hydrogen-powered truck in the world, has elevated awareness of the
company that should accelerate its growth worldwide. The contacts
made during the competition are expected to encourage the
deployment of its cutting-edge technology in zero-emission
vehicles, whether electric or hydrogen-powered, and the sale of
licenses internationally. In 2022, priority will be given to the
United States, Canada, the Middle East, Russia and China. While the
Group has already sold a dozen licenses since the launch of this
strategy in 2019, the goal remains to sign 40 in the next 24
A look back at the main achievements of
- Creation of GAUSSIN North America. At the beginning of
January, GAUSSIN announced the creation of its North American
subsidiary, which will lead its commercial deployment across the
Atlantic (see PR from January 4, 2021). This new strategic entity
will accelerate the marketing of GAUSSIN electric and hydrogen
- The Asia-Pacific subsidiary, headquartered in Singapore
(see PR from January 14, 2021), is in charge of deploying GAUSSIN's
electric and hydrogen vehicle ranges throughout the countries in
- Launch of "Zero-emission Yard Automation". At the end of
March, the Group presented its new solution of autonomous
hydrogen-powered tractors equipped with a robotic arm, intended for
major logistics and e-commerce players (see PR from 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.
- Bolloré Ports and the Maersk group order 36 APM® 75T HE.
GAUSSIN has received a firm order from CIT Abidjan, a port terminal
jointly operated by Bolloré 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 (see PR from March
22, 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.
- GAUSSIN enters the hydrogen road truck market. The Group
has presented the world's first "skateboard" for Class 8 tractor or
carrier trucks from 18t to 44t, hydrogen or all-electric, a
rolling, versatile and modular platform intended for the various
players in the market (see PR from April 27, 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 concerns 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 (see PR from May 20, 2021). At the same time,
ECT has entrusted GAUSSIN with the design and implementation
studies to equip itself with three types of GAUSSIN hydrogen
- Partnership with HYNAMICS to conduct 4 "Moonroad" pilot
projects. GAUSSIN and HYNAMICS, a subsidiary of EDF, have
signed a partnership agreement for the implementation of four pilot
projects to demonstrate the efficiency and productivity of
GAUSSIN's 100% autonomous and "dual energy" transport solutions,
running on hydrogen and electricity (see PR from May 25, 2021).
Supported by the French Ministry of Ecological Transition, in
charge of Transport, the project will be deployed until 2023.
- Partnership with MICROVAST on new generation batteries.
This partnership aims to integrate MICROVAST's new generation of
batteries for GAUSSIN's electric skateboard and hydrogen
applications (see PR from June 8, 2021). Thanks to its vertical
integration capabilities, MICROVAST can provide a wide choice of
different chemical cells in its standard battery packs.
- GAUSSIN chooses the NVIDIA platform for its autonomous
trucks. GAUSSIN has chosen 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 (see PR from
June 17, 2021).
- Creation of 2 assembly lines at the METALLIANCE site in
Saint-Vallier. The Group has announced the creation of two
assembly lines for ATM® (logistics) and APM® (port) vehicles in
Saint-Vallier in the Saône-et-Loire region, on a site adjacent to
that of its subsidiary METALLIANCE (see PR from June 24, 2021).
They were put into service in the fall.
- PLUG POWER places a first order for ATM-H2 hydrogen
tractors. Plug Power placed an order in mid-August (see PR from
August 16, 2021) for 20 hydrogen-powered fleet tractors (ATM-H2),
which will be deployed at Plug Power's existing customers in North
- METALLIANCE order for 16 underground mobile machines in
Great Britain. This order for 16 underground mobile machines
(see PR from September 1, 2021) is for the Southern section of the
High Speed 2 project in Great Britain. Deliveries are scheduled
between March 2022 and April 2023.
- License granted to Nexport covering Australia and New
Zealand. This exclusive 20-year license is granted to NEXPORT
Zero Emission Transport (see PR from September 22, 2021) to
assemble and supply zero-emission vehicles locally in Australia and
- Strategic partnership with HRS for the supply of 36 hydrogen
stations. This partnership with
HRS-Hydrogen-Refueling-Solutions (see PR from September 30, 2021)
provides for the supply of 36 HRS hydrogen stations between 2021
and 2026, intended to accompany the deployment of GAUSSIN's turnkey
hydrogen mobility solutions, for on- and off-road applications. On
the occasion of this operation, HRS has subscribed to an increase
in GAUSSIN's capital for an amount of €7M in cash.
- Gaussin wins the Dubai World Challenge autonomous vehicle
competition. For the second time in a row, the Group has won
the Dubai World Challenge 2021 autonomous vehicle competition.
GAUSSIN presented itself in consortium with NEOLIX China. The two
companies will share the prize of $1 million offered to the winner
(see PR from October 27, 2021).
- Successful participation of GAUSSIN in the Dakar 2022
rally. The H2 Racing Truck®, designed and assembled by the
Group, is the first hydrogen-powered truck to take part in the
world's biggest rally-raid. Designed to withstand extreme
environments, the truck was intended to demonstrate the performance
and reliability of the hydrogen-electric motorization developed by
GAUSSIN. It is the precursor of the new range of GAUSSIN road
trucks, 100% hydrogen and electric, designed by PININFARINA, which
will be marketed this year. Its successful performance in the Dakar
Rally is an undeniable asset for attracting new partners and
customers on the market. GAUSSIN's objective is to win new
licensing agreements as part of its participation in the Dakar,
where several promising relationships have already been
2. Revenues and licensing income of €52.8
million in 2021, up 30,0%
The GAUSSIN Group achieved total revenue €52.8 million in 2021,
compared with €40.6 million in 2020, representing growth of
approximately 30,0% in 2021.
Consolidated product sales were €41.1 million during the 2021
fiscal year, a very strong increase compared to 2020 (+99.1%).
Licensing revenues amounted to €11.7 million.
Revenues from operations increased from €20.5 million in the
first half of 2021 to €32.3 million in the second half of 2021,
i.e., an increase of 57.9%.
Revenues from operations FY2021
Sales - Logistics
Sales - Seaports
Sales - Airports
Sales - METALLIANCE*
Total - Consolidated sales
Total - Revenues and licensing income
* METALLIANCE was acquired in July 2020
Revenues consisted of:
- The logistics business, which includes clean electric
vehicles (ATM and ATM Autonomous ranges, TSBM and TSBM Autonomous,
AGV IHD and Special Vehicles (MTO)), generated revenues of €9.9
million in 2021.
The ATM FULL ELEC range (Automotive Trailer
Mover), which supports the use of semi-trailers at logistics sites:
delivery of 18 ATM in 2021 to equip platforms dedicated to
transport and logistics such as MICHELIN, RENAULT, DECATHLON or
The MTO (Made To Order) range, the Group's
historical activity, delivered to several customers, including
DISNEY, BOUYGUES, PRB and STOLL-MANULOC.
- The port activity, which is aimed at operators of major
ports throughout the world, with its range of container transport
vehicles with drivers (APM 75T) or autonomous (AGV PERFORMANCE, AIV
REVOLUTION, APM 75T AUTONOMOUS) and TERMINAL TRAILER (TT), Power
Pack Full Elec batteries as well as Docking Stations, generated
€3.2 million in sales during the year. The Group delivered APM
vehicles to CENTREPORT in New Zealand and POWER-PACKs to QTERMINALS
- The Airport business, which serves airports with
vehicles such as the Airport Transporter (AAT) and the Autonomous
AAT, the Multi-Directional Transporter (AMDT) and the Aircraft
Refueller (ART), generated revenues of €0.6 million.
The ART is a 100% electric vehicle dedicated
to aircraft refueling.
- METALLIANCE, which focuses in particular on vehicles
used in underground work and special machinery, generated revenue
of €27.3 million in 2021.
The Group recorded €11.7 million in licensing revenue in 2021
including a €10 million payment from NEXPORT under the terms of the
20-year license agreement to locally assemble and supply
zero-emission vehicles in Australia and New Zealand. The
partnership strengthens NEXPORT's capabilities and gives it a
unique position to purchase, assemble and supply a range of zero
emission vehicles. This includes a portfolio of zero-emission
vehicles, airport transporters and refuelers, electric buses,
hydrogen generators and a range of other vehicles.
In addition, the Group received €1.7 million related to the
license agreement signed with ST ENGINEERING LAND SYSTEMS for the
manufacture and marketing of the AGV PERFORMANCE® FULL ELEC in
3. Cash and cash equivalents amounted to
€20.4 million as of December 31, 2021, compared with €16.3 million
in 2020 (+25.2%)
The Group had cash of €20.4 million as of December 31, 2021
(including €7.7 million for METALLIANCE) compared with €16.3
million in 2020.
The balance of the license sold to NEXPORT will be paid over the
years 2022 and 2023, and the balance of the ARAMCO sponsoring
contract for the 2022 Dakar was paid after the first bivouac was
set up in January 2022.
4. The increase in the order book to €77.1
million (+13.6%) indicates a very promising outlook for fiscal year
GAUSSIN Group's order book, including METALLIANCE and excluding
royalties on future sales, amounted to €77.1 million (excluding
options) as of December 31, 2021, compared to €67.9 million as of
December 31, 2020 (+13.6%).
As of December 31,
As of December 31,
Total - Consolidated Backlog
The backlog as of December 31, 2021, includes:
- 132 ATM for leading players in the logistics and retail sectors
with the distributor BLYYD;
- 36 APM for the company CIT ABIDJAN;
- 26 ATM for the US market for PLUGPOWER (20) and ROBOTIC
- 4 APM for port operators;
- 1 new refueller, 100% electric refuelling truck;
- 6 AMDT for QAS QATAR AIRWAYS;
- Self-propelled vehicles and industrial trailers;
- The order book of METALLIANCE for €25.0 million (excluding
quasi-firm orders and subscriptions) in the field of underground
and in the manufacturing of special machines;
- Sponsorship with ARAMCO for the DAKAR 2022 edition. ARAMCO paid
70% of the $5 million (i.e., €3 million) in December 2021 and the
balance, which is taken into account in the order book on December
31, is paid in January 2022, i.e., €1.4 million.
**The Group communicates on an order book that is spread over a
long period, and there may be either a time lag, which does not
affect the order book, 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. Acceleration of the global deployment
The GAUSSIN Group is implementing a strategy of deploying its
technology worldwide based on its Global Licensing program and the
development of strategic partnerships with major international
players. Its lead in the field of electric and hydrogen
technologies has enabled it to emerge as an innovative player in
clean and intelligent mobility on a global scale. This recognition
has been further reinforced by GAUSSIN's success in running the
first hydrogen-powered truck in the Dakar rally-raid in January
2022. This strategy enables GAUSSIN products to be rapidly deployed
internationally, both for distribution and maintenance.
The Group has signed a dozen licenses to date and is still
aiming to sign 40 within two years.
International license sales
- ST ENGINEERING LAND SYSTEMS (STELS) has purchased a
first license to manufacture and market the AGV PERFORMANCE® FULL
ELEC “Ultra Fast Charge” vehicle in Singapore. The 20-year license
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 8 new licenses
to STELS, including four exclusive licenses for the territories
of Saudi Arabia, Thailand, the United Arab Emirates and South Korea
and four non-exclusive licenses for the territories of Indonesia,
Qatar, the Philippines and Oman.
- AL ATTIYA MOTORS, a key player in Qatar's economy,
signed in 2020 an exclusive 20-year license for GAUSSIN electric
vehicles dedicated to seaports, airports, logistics and smart
cities. The contract includes not only the initial entry fee of €20
million, for an exclusivity covering the main countries of the
Middle East, but also royalties of between 3% and 5% for possible
- The state-owned QATAR RAILWAYS COMPANY has signed a
license for 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, and transportation between metro stations and stadiums or Doha
- NEXPORT, a major player in Oceania, signed in autumn
2021 a €10.0 million exclusive license over 20 years for the
assembly and marketing of GAUSSIN electric vehicles dedicated to
seaports, airports, logistics and smart cities.
Strategic partnership with ARAMCO, a world leader in energy
GAUSSIN signed a partnership agreement in December 2021 with
ARAMCO, one of the world leaders in integrated energy and
chemistry, in the field of hydrogen vehicles. The agreement
provides for the construction of a hydrogen vehicle manufacturing
plant in the Kingdom of Saudi Arabia. The two companies have also
agreed that ARAMCO's new Advanced Innovation Center (LAB7) will be
closely involved in the development of GAUSSIN's hydrogen vehicles
and in the development of a remotely controlled/autonomous hydrogen
racing truck. LAB7 aims to integrate ARAMCO's composite materials
into GAUSSIN's existing product range to reduce the weight, energy
consumption and cost of these vehicles.
Within the framework of this partnership, ARAMCO sponsored
GAUSSIN's H2 Racing Truck®, which took part in the 2022 Dakar Rally
as an experimental new energy vehicle.
Within the framework of this agreement, ARAMCO has a purchase
option to subscribe up to 20% of GAUSSIN shares.
HyET Hydrogen Summit – Riyadh, Saudi Arabia:
2021 financial results: April 26th
GAUSSIN is an engineering company that designs, assembles and
sells innovative products and services in the transport and
logistics field. Its know-how encompasses cargo and passenger
transport, autonomous technologies allowing for self-driving
solutions such as Automotive Guided Vehicles, and the integration
all types of batteries, electric and hydrogen fuel cells in
particular. With more than 50,000 vehicles worldwide, GAUSSIN
enjoys a strong reputation in four fast-expanding markets: port
terminals, airports, logistics and people mobility. The group has
developed strategic partnerships with major global players in order
to accelerate its commercial penetration: Siemens Postal, Parcel
& Airport Logistics in the airport field, Bolloré Ports and ST
Engineering in ports and Bluebus for people mobility. GAUSSIN has
broadened its business model with the signing of license agreements
accelerating the diffusion of its technology throughout the world.
The acquisition of METALLIANCE confirms the emergence of an
international group present in all segments of intelligent and
In October 2021, GAUSSIN won the Dubai World Challenge for
In January 2022, GAUSSIN successfully completed the 2022 Dakar
Rally with its H2 Racing Truck, the first hydrogen-powered vehicle
to enter the race and generate zero CO2 emissions.
GAUSSIN has been listed on Euronext Growth in Paris since
More information on www.gaussin.com.
For more information on GAUSSIN, go to
* This document may contain forward-looking information. Such
forward-looking information refers to future prospects,
developments and strategies of Gaussin and is based on an analysis
of expected future results and estimates of amounts that are not
yet determinable to date. Forward-looking information naturally
contains elements of risk and uncertainty relative to events and
therefore dependent on circumstances which may or may not occur in
the future. Gaussin draws your attention to the fact that
forward-looking information provides no guarantee concerning its
future performance or financial situation, financial results or
trends in the sector in which Gaussin operates, and which may
significantly differ from those proposed or suggested in the
forward-looking statements contained in this presentation.
Furthermore, even though the financial position of Gaussin, its
performance and trends in the sector in which Gaussin operates
comply with the forward-looking information contained in this
presentation, such performance or trends may not be a reliable
indication of the company’s future performance or prospects.
Gaussin is not committed to updating or confirming analysts'
expectations or estimates or to publicly correcting any information
or event in order to reflect an event or circumstance eventually
occurring following this presentation.
version on businesswire.com: https://www.businesswire.com/news/home/20220125006032/en/
GAUSSIN Christophe Gaussin, email@example.com
Ulysse Communication Nicolas Daniels,
Charles Courbet, firstname.lastname@example.org
LHA Investor Relations – USA Jody Burfening,
email@example.com +1 (212) 838-3777
Rooney Partners - USA Jeanene Timberlake,
firstname.lastname@example.org +1 (646) 770-8858
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