(Boursier.com) — Enertime recorded in 2023, 10 MEUR in orders including mainly the contract for the supply of a turnkey ORC system to the company Energie Lagnieu for the Verallia plant in Lagnieu, the contract for the supply of an ORC for the incinerator of Carrières-sur-Seine with the Suez company as well as ORC and steam turbine maintenance contracts and an engineering contract with the Stolect company.
The company expects a sharp increase in turnover and operating income for 2023 compared to 2022. The turnover will be communicated quickly to the market after validation of the calculation of the turnover in progress.
The net result is expected to improve. “This 2023 result, however, remains impacted by inflation in the costs of equipment incorporated in our projects for contracts signed in 2022 and early 2023, inflation which it was impossible to invoice to our customers”, explains the company which adds that the Orders taken from mid-2023 have reassessed margins, adapted to the new economic environment.
The company saw its cash flow tighten at the end of 2023 due to a delay between the late entry into force of the financing necessary for the Verallia project carried by Energie Circulaire and the actual start of work undertaken on the project. As of January 5, 2024, the group’s consolidated cash flow had significantly improved to reach EUR2.7 million, including EUR500 thousand pledged to obtain bank guarantees on contracts.
©2024 Boursier.com