(Telestock) – Comela company listed on Euronext Growth Milan and active in the sector of solar energy production systems, has closed the first semester of 2024 with a Production Value equal to 123.7 million euros, with a growth of 163% compared to approximately 47.0 million on 30 June 2023. The increase is mainly due to the increase in orders in progress. Revenues are 100% generated in Italy; 99% generated by the photovoltaic sector and 1% by the conventional sector.
Gross Operating Margin (EBITDA) was equal to 9.3 million euros, up 122% (EBITDA margin equal to 7.5%). The Net Result stands at 4.3 million euros, with an increase of 163%.
“We are very satisfied with the results obtained in this semester, the best in the company’s history – commented theAD Alfredo Balletti – I would like to underline that the company achieved triple-digit growth in the main economic and financial indicators, in particular net profit, which more than doubled compared to the same period of the previous year. The half-year was positively impacted by the awarding of new orders for the construction of new plants within the EPC activity, which confirm the trust that our customers place in the construction capabilities of the company”.
THE’Net Financial Debt is equal to 41.1 million euros, compared to 30.2 million at 31 December 2023, increasing due to the greater use of credit necessary to support company growth.
The order bookwhich includes the contractual value of projects awarded or for which definitive and binding project contracts signed by the interested parties have been stipulated, stands at approximately 348 million euros as of 30 June 2024, compared to approximately 328 million recorded as of 31 December 2023.
(Photo: Zbynek Burival on Unsplash)