(AOF) – Entech, a technology company specializing in the storage and intelligent management of renewable energies, has published its annual results for the 2023-2024 financial year, showing an annual loss of 2.92 million euros compared to a loss of 741,000 euros a year earlier. Its Ebitda showed a loss of 1.2 million euros over the financial year but, as expected, broke even in the second half. The turnover amounts to 45.68 million euros, an increase of 32%
As of March 31, 2024, Entech has equity of 26.2 million euros and available cash of 9.7 million euros.
In terms of prospects, Entech benefits from significant visibility over the 2024-2025 financial year with an order book of 41 million euros as of March 31, 2024, compared to 32 million as of March 31, 2023.
The company also confirms its objectives for 2025-2026, i.e. a turnover of around 130 million euros associated with an EBITDA margin of around 20%, and announces that it will communicate its new medium-term ambitions to the market in October 2024.
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