Eutilia Reports Black Figures

Eutilia, the leading European marketplace for Utility companies, announces positive EBITDA, EBIT and free cash flow in quarter four 2004

(PRWEB) February 24, 2005 -- Early 2004, Eutilia emerged with a focused group of shareholders: EDF, Electrabel (Suez Group), Endesa, Enel, Iberdrola and Vattenfall. It enabled Eutilia to get clear orientations, appropriate maneuverability and better bottom line results. Mid-year, Eutilia successfully launched her B2B European Utility Portal (EUP), an internet-based infrastructure for buyers and suppliers to meet, exchange and make business: 200 new users are joining every month since then. All services have been made accessible via a friendly single-sign-on mechanism. Additionally EUP is enabling web-based services plug-in, even if provided and hosted by third parties. Since its implementation mid-2004, traffic and usage has doubled and Eutilia is proud to count 7000 suppliers and 1000 buyers connected to her portal.

About Eutilia N.V. (www.eutilia.com)
Eutilia is the leading online marketplace in Europe for Utilities (Energy, Water, Gas, Telecom, Railway companies). Eutilia is working jointly with buyers and sellers to ensure quicker, deeper and more efficient business relationships. Founded and financed by Europe’s 11 largest electric utilities, Eutilia is:
- an online area for buyers and suppliers to meet, and know more about mutual needs and capabilities through the exchange of structured information,
- a mean for buyers to go faster and cheaper, optimizing their purchasing process. Buyers can access market reports, search for supplier’s data needed for pre-qualification, ask for supplier scan for specific products (cables, transformers, meters...) and are enabled to execute electronic tenders and auctions,
- a fast and cost-efficient sales and marketing channel for sellers toward the Utility industry, where they can increase the ‘readability’ of their capabilities and know-how in the Utility sector. Sellers are enabled to describe their company according to Utility standards (100's fields), to receive tender alerts, to be introduced to customers and to auction commodities or excess inventory (Electric/excess inventory).

To date, 1000 buyers from 130 different buying-entities and 7000 suppliers are connected to Eutilia marketplace, generating €1,0 Billion deal flow online per year.

Eutilia shareholders are EDF, Endesa, Iberdrola, Enel, Electrabel (from Suez Group), and Vattenfall.

Headquartered in the Amsterdam area, with offices in Leiden, Eutilia can be reached at +31 71 53 53 100 or at www.eutilia.com.

# # #

Source :  http://www.prweb.com/releases/2005/2/prweb211480.htm