(AOF) – In the first half of 2023, Artea, a pioneer in the energy transition, recorded a turnover of 47.6 million euros, up +34% over one year. This growth, which relates to Artea’s three business lines, reflects the group’s gradual diversification with a share of the promotion activity which now represents only 72% of the total vs 82% in 2022 and 91% in 2021. Revenues from its subsidiary Dream Energy are multiplied by 3 to 5.6 million euros.
This growth is explained by the doubling of production capacity thanks to the acquisitions made at the end of 2022 as well as the integration of two companies, AIS and EMJ, making it possible to internalize the skills for the construction and maintenance of hydroelectric dams and super charger stations. This development is an underlying trend that should continue over the next few years.
In addition, income from recurring real estate activities increased by +64% to 7.9 million euros, under the combined effect of stable property income (+1% given that the new assets retained via the Immobilière Durable are no longer consolidated) and a +180% growth in revenues from the Services business.
This growth is explained by the ramp-up of assets operated under the Pureplaces brand (coworking and coliving) in Lille-Lesquin and Biot-Sophia as well as by the Storia activity (prestige hotels) with the acquisition of the Château d’ Artigny completed at the end of February 2023.
Revenues from the Property Development activity increased by +18% to 34.1 million euros.
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