(Boursier.com) — The turnover of DOLFINES SA recorded an increase of more than 55% compared to the previous financial year, with 3.93 ME against 2.53 ME in 2020.
EBITDA stands at (1.46) ME, a slight improvement compared to 2020, when it stood at (1.85) ME.
The loss for the whole of the 2021 financial year amounts to (1.56) ME, compared to (2.26) ME for the previous financial year.
As of December 31, 2021, shareholders’ equity amounted to 3.12 ME, compared to 4.05 ME at the end of 1020. They take into account an unchanged amount of conditional advances of 1.7 ME.
Financial debt stood at 2.13 ME, compared to a positive net cash position of 0.66 ME at the end of 2020. Cash was impacted by an increase of 0.56 ME in Research & Development costs, mainly devoted to the TrussFloat15 float and the heavy maintenance telescopic tool for offshore wind turbines.
Activity in the 1st quarter of 2022
The turnover of DOLFINES, including the activities of 8.2 France, amounts to 0.64 ME, up 73% compared to the 1st quarter of 2021 when it stood at 0.37 ME (DOGS only). By integrating the activities of 8.2 France from the 1st quarter of 2021, the increase is 5.3%.
Future prospects
In order to meet the growing demand for energy while keeping global warming well below 2o, the energy sector must decarbonise. It must therefore evolve towards renewable energies while improving the environmental impact of oil and gas production.
Technical expertise and innovative solutions are at the heart of this challenge. In this context, the positioning of DOLFINES, supplier of expertise and innovative solutions for better energy, is at the crossroads of the current and future dynamics of the renewable and conventional energy markets.
Recapitalization operation proposed to the General Meeting of June 30, 2022
At the end of 2021, the amount of equity being less than half of the share capital and the Company being required, at the latest at the end of the second financial year following the financial year during which the situation was noted, to reconstitute its equity up to of a value at least equal to half of the share capital, it would be proposed to the General Meeting to be held on June 30, 2022 to carry out a capital reduction followed by a recapitalization.
Following the capital reduction, the share capital would be 191,455.48 euros divided into 19,145,548 shares of 0.01 euro. Consequently, the shareholders’ equity of the Company will be greater than the share capital and will amount to 1,434,118.43 euros.