Convergence, 9 month revenues down to 16.5 million, weighs on Energy

Convergence 9 month revenues down to 165 million weighs on

(Finance) – Convergences closes the first nine months of 2023 with revenues of approximately 16.5 million compared to 22.6 million in the same period of 2022.

In detail, the TLC Business Unit he reached revenues of 7.6 million (+8.8% compared to 7 million in 2022), while the Energy BU has registered revenues of 8.9 million compared to 15.6 million in 2022. The change in terms of turnover of the Energy BU is exclusively due to the reduction in the cost of raw energy materials in Italy, which fell by over 51% in the reference period
compared to the same period of the previous year. TLC BU margin between 26.5% and 28.5%. Energy BU margins between 2% and 3%.

Furthermore, in the first nine months of 2023 there were contracted services equal to over 60,865, of which over 50,307 for the TLC BU and over 10,558 for the Energy BU.

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