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Entech: Increased turnover and new strategic ambitions

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

Entech, specializing in the storage and intelligent management of renewable energies, shows a significant increase in its turnover for the first half of 2024. Turnover reaches 25.2 million euros, marking an increase of 44% compared to the same period in 2023. This growth is accompanied by new strategic orientations for 2029.

The company is reorganizing around three main activities: Entech Construction, Entech Solutions and Entech Energy & Services. This structure aims to respond to developments in the renewable energy market, with increasingly large projects and a sharply increasing demand for decentralized solutions.

Furthermore, Entech is aiming for a turnover of more than 300 million euros by 2029, with an EBITDA margin of 20 to 25%. The recent partnership with Eiffage and the collaboration with Crédit Agricole du Finistère should support this ambitious objective.

R. P.

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