ARTEA press release
Half-year results for 2023 including the investments necessary to accelerate renewable energy production activities.
• Growth of +34% in turnover
• Net current cash flow: €3.3 million, +27%
• Operating profit of -€0.7 million
• Real estate assets under management of €399 million
• Energy assets of €105 million
• NAV of €39.3/share
• €110 million in equity
Growth of +34% in turnover
In the first half of 2023, ARTEA recorded a turnover of €47.6 million, an increase of +34% compared to the first half of 2022. This growth, to which ARTEA’s three businesses contributed, reflects the growing diversification of the group with a contribution from the promotion activity which only represents 75% of total turnover as of June 30, 2023, compared to 82% in 2022 and 91% in 2021.