PLC, negative operating result in 2022

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(Tiper Stock Exchange) – PLCa company listed on Euronext Milan and active in the field of renewable energy, closed 2022 with revenues equal to approximately 60 million euros (67.7 million as at 31 December 2021), a EBITDA negative for 6.5-7.5 million euros (positive for 9.7 million in 2021) and a Operating income negative for 14-15 million euros (positive for 7.3 million as at 31 December 2021). There Net financial position it is negative by approximately 3.5 million euros (negative by 2.8 million as at 31 December 2021).

The company explains that the negative economic data in 2022 can be attributed to the following main reasons: negative results of PLC System focused on a few contracts relating mainly to the construction of wind farms expected to close in 2023; write-downs of non-core assetsin line with the strategy of the 2023-2027 business plan, and of the goodwill relating to the Monsson Operation perimeter.

The other PLC Group companies, on the other hand, generated a positive EBITDA; The Services segment continued its growth trend in O&M Italy, both in the traditional renewable sources sector and in biogas and biomethane, confirming its greater independence with respect to exogenous factors.

Confirm them forecast for 2023: positive gross operating margin of approximately 0-1 million euros.