(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 2022 with a Production value equal to 16.7 million (+169% on 2021), a EBITDA of 6.2 million euros (+187%), an EBITDA Margin of 37% (35% the year before) and a operating profit equal to 4.1 million euros (+247%).
There Net Financial Position total is cash positive for 0.9 million euros compared to cash negative for 1 million euros at 31 December 2021. At the end of March 2023 the order book of the company is more than 70 million euros.
“The significant performances achieved in 2022 are the result of a year characterized by the launch of national and international projects and partnerships that will allow us to continue our growth path in the future”, commented theCEO Giovanni Di Pascale.
“Confident of this constant evolution, we have approved an ambitious Business Plan in which the 2025 targets see a significant and robust growth of our economic and non-economic KPIsthanks to the development prospects and project activation of our business units for the wind, photovoltaic and storage sectors”, he added.
The industrial plan approved by the Board of Directors forecast to 2025: Value of production at 34-36 million, Adjusted EBITDA at 14-16 million, EBITDA Margin higher than 40% and Net Financial Position cash positive for over 2 million euro.