(Telestock) – ESPEa company listed on Euronext Growth Milan and active in the renewable energy sector, has closed the first semester of 2024 with sales revenue equal to 29.9 million euros, up from 29.2 million euros in the same period in 2023.
THE’EBITDA is equal to 3.3 million euros, up compared to 1.4 million euros in the first half of 2023. The increase is mainly attributable both to the registration of certain multi-year orders in the progress status, and to the optimization of the internal management of orders and to the acquisition of larger orders. TheEBITDA Margin is equal to 11.0% of sales revenues (12.3% of production value), up from 4.7% on 30 June 2023.
The net result stands at 1.3 million euros, a sharp increase compared to the 0.4 million euros of the first half of 2023.
“We are satisfied with the results achieved in the first half of 2024, which highlight the company’s ability to maintain a solid market position, as demonstrated by the order book growthwhich to date amounts to over 95 million euros – commented theAD Enrico Meneghetti – Our diversification strategy, especially in the photovoltaic sector with a focus on ground-mounted and rooftop systems, allows us to further strengthen our offering and improve profitability. We look with confidence to the second half of the year, with the aim of continuing the growth path and achieving the objectives set also through external growth and expansion into new markets”
THE’net financial debt amounted to 10.2 million euros, compared to 1.8 million euros at 31 December 2023. This increase is due to the greater use of bank credit facilities and the completion of new medium-long term financing, functional to supporting the core business and the company’s substantial order portfolio. This change is composed of 3.9 million from the increase in non-current financial debt and 4.6 million from the increase in current financial debt net of the change in liquid assets and other current financial assets.