Agripower: annual loss of 4.9 ME

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Photo credit © SunocciPictures

(Boursier.com) — At Agripower, the net turnover published in 2023/2024 comes to 1.4 ME including a cancellation of -2.8 ME of the turnover already recognized in progress on the 77 projects canceled anaerobic digestion projects and a correction of -0.6 ME in cumulative progress turnover on still active anaerobic digestion projects, taking into account the reduction in the forecast margin for these projects compared to that retained as of June 30 2023, due to the increase in costs not passed on linked in particular to the change of supplier.

The low accounting turnover recorded, following the corrections, weighs heavily on the results. EBITDA thus stood at -4.5 ME and operating profit at -4.7 ME over the entire financial year, masking the first visible effects of the savings plans.

The net result stands at -4.9 ME.

Net cash stood at €2.5 million as of June 30, 2024.

Agripower aims to return to significant growth from the current financial year while significantly reducing its losses, then to exceed 10 ME in turnover and the break-even point from the 2025-2026 financial year.


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