(Finance) – Ecomembranesa Cremona-based company listed on Euronext Growth Milan and active in the design and construction of gas storage and containment systems for the production of green energy, closed the 2023 with a production value equal to 15.6 million euros (+9.2% YoY). L’EBITDA is equal to 2.04 million euros, -36.6% due to the adjustment of structural costs, the ongoing strengthening of which is aimed at allowing the Group to fully seize all the growth opportunities expected in the coming years. The operating result is equal to 1.2 million euros (-33.2%).
“2023 was a crucial year for Ecomembrane with events that have radically changed its dimension, including the listing process on the Euronext Growth Milan market, the activity aimed at completing the new production plant and the steel processing plant, which is already giving excellent results in terms of efficiency and cost optimization – commented theCEO Lorenzo Spedini – The company has also carried out two M&A operations and the acquisition of the majority of SBS SOLAR, which will allow Ecomembrane to integrate its offer in the renewable energy sector”.
“All these operations required a strong involvement of the management and had a positive impact on the turnover, which grew by approximately 9%, while the operating results reflect the adjustment of structural costs compared to the growth forecasts of the volume ‘affairs of the coming years Strengthening the structure was necessary and is aimed at allowing the Group to fully seize all expected growth opportunities, not only with reference to the biomethane sector but also to the other business lines relating to the storage of CO2 and Hydrogen”.
L’net financial debt presents an overall positive balance of Euro 5,776 thousand as the Liquid Assets, equal to Euro 7,476 thousand, are higher than the debts to banks which, in turn, have reduced to Euro 1,550 thousand, from Euro 2,510 thousand at 31 December 2022. Form. The main reason for the change in net financial debt compared to the data as at 31 December 2022 is attributable to the capital raised upon listing, net of the related costs.
The Board of Directors has decided to propose the distribution of a dividend of 0.05 euros for each entitled share (for a maximum total of 214,705.85 euros), with coupon detachment date of 6 June 2024, date of legitimacy for payment (record date) of 7 June 2024 and date for payment of the dividend on 8 June 2024.