on ENTECH (EPA:ALESE)
Entech 2023-2024 Annual Financial Results
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.
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