Ecoener (ENER) H2 2024 earnings summary

Executive summary

• Consolidated revenue rose 28% year-over-year to €81.7 million, with net profit attributable to the parent at €9.7 million, up from €11.0 million in 2023.

• Total assets increased to €821.6 million from €580.2 million, reflecting significant investment activity.

• Dividend payout of €0.09 per share, totaling €4.998 million.

Financial highlights

• Consolidated EBITDA reached €42.1 million, up from €32.4 million year-over-year.

• Operating profit grew to €24.2 million from €18.7 million year-over-year.

• Net finance costs increased to €14.96 million from €11.27 million year-over-year.

• Cash and cash equivalents at year-end were €71.4 million, down from €75.5 million.

Outlook and guidance

• Revenue growth driven by international expansion, especially in solar and wind segments.

• Continued investment in renewable assets expected to support future earnings.