(Finance) – Tesmec has registered preliminary revenues for the year 2021 equal to approximately 194 million euros (compared to the previous forecast of approximately 200 million euros), generating a Preliminary EBITDA higher than 14% (compared to a forecast of 15%), while theNet financial debt it has worsened by around 11 million euros (compared to the expected figure of around 110 million euros). Revenues and margins are in any case an improvement compared to 2020 (respectively, by approximately 14% and 28%), underlines in a note the company listed on Euronext STAR Milan and active in the field of construction of infrastructures relating to the transport of electricity, data and materials.
The results, the company says, “are not aligned with the targets for the period due to the slowdown in the activities of the Trencher sector which has suffered from the protracted delays generated by external factors relating to the procurement of materials, deliveries and exponential growth in the cost of electricity and raw materials; as well as the sudden worsening of the emergency status from Covid-19, which delayed the recovery in those areas that had slowed down during the year, such as the United States of America and Australia “. The Railway and Energy sectors have reached year-end target.
Despite the delays and criticalities in terms of revenues and margins for the 2021 financial year, the group confirms the medium-long term trend and its 2020-2023 Plan guidelines. order book is equal to approximately 284 million euros, an increase, both compared to 262.6 million at 30 September 2021, and compared to 282.4 million euros at 31 December 2020. “The order book confirms the validity of the investments made by Tesmec in the Railway sector and in the Energy Automation segment, sectors that present solutions with higher added value and lower volatility “, reads the note from the company.