(Tiper Stock Exchange) – Althaea Green Powera company listed on Euronext Growth Milan and active in the development and construction of plants for the production of renewable energy, closed the first semester 2023 with a Production value between 8.5 million and 9.5 million (7.5 million in the first half of 2022), a EBITDA between 5 million and 5.5 million (1.8 million in 2022) and a EBITDA Margin greater than 50% (24% in 2022).
“The data for the first half of 2023 show more than positive economic performances, with double and triple digit growth in all indicators and a solid financial structure – commented theCEO Giovanni Di Pascale – In the second half of the year, also thanks to a still very robust backlog, we are confident that we can continue along the line already traced in the first half of 2023″.
“For the future we want to continue consolidating our business model: thus focusing our commitment on the activities of the Co-Development and EPC BUs and on the enhancement of Storage projects, ready to seize all the development opportunities that will arise from this promising market” , he added.
There Net Financial Position at the end of June it amounted to 1.4 million euro cash negative (0.9 million net cash in 2022). This change is essentially linked to the increased size of the pipeline both for the photovoltaic sector and for the costs inherent in the pipeline of 2 Gw in Storage in Italy and in the development of Storage in the USA.