(Tiper Stock Exchange) – Tesmeca company listed on Euronext STAR Milan and active in the field of infrastructure construction relating to the transport of electricity, data and materials, closed the 2022 with consolidated revenues equal to 245.2 million euros, an increase compared to 194.3 million euros at December 31, 2021. The change is mainly attributable to the performance of the Railway sector, the recovery of the Trencher sector on the American market and a better mix in the sector Energy.
L’EBITDA is equal to 35.2 million euros (28.1 million in 2021) and theNet income to 7.9 million euros (1.2 million the year before).
The order book amounted to €406.2 million, an increase compared to both the €309.9 million at 30 September 2022 and the €284.2 million at 31 December 2021.Net financial debt amounted to 128.4 million euros, compared to 125.8 million euros as at 30 September 2022 and compared to 121.1 million euros as at 31 December 2021, due to the absorption of cash generated by the change in working capital and the change of scope of consolidation due to the entry of Saudi Tesmec and Tesmec Peninsula.
“The 2022 financial year highlighted the capabilities of Tesmec, which, despite a context characterized by volatility and uncertainty, strengthened its growth in terms of revenues and order acquisitions, exceeding the 406 million euro backlog and thus confirming the path taken in recent years of sectoral and geographical diversification – commented theAD Ambrogio Caccia Dominioni – Profitability remained in line with that of 2021 in percentage terms thanks to the excellent performance of the Rail and Energy Automation sectors”.
“Tesmec continues its consolidation and strengthening plan by projecting for FY 2023 revenues at the high end of the range communicated in the 2021-2023 Plan between 280-290 million euros, with an EBITDA improvement compared to the end of 2022 and a reduction in the Net Financial Debt compared to the end of the 2022 financial year”, he added.