BRIEF

on ENTECH (EPA:ALESE)

Entech 2023-2024 Annual Financial Results

Stock price chart of ENTECH (EPA:ALESE) showing fluctuations.

Entech, a company specializing in the storage and intelligent management of renewable energies, announces growth in its turnover of 32% for the 2023-24 financial year, reaching €45.5 million. Photovoltaic energy storage and production activities increased by 40% and 36% respectively, with each segment generating €22.6 million.

The company achieved financial breakeven in the second half, although the net result for the year was a loss of €2.9m. The gross margin contracted slightly to 26.6%, mainly due to supply tensions.

Entech confirms its objectives for 2025-26, targeting a turnover of €130 million with an EBITDA margin of 20%. A partnership with Eiffage Énergies Systèmes will contribute to future growth, with first orders expected at the end of 2024.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all ENTECH news