(AOF) – In the first half of 2023/2024, Haffner Energy’s Ebitda is still negative at 5.47 million euros compared to 4.20 million euros the previous year for the same period. The operating result for this first half (-3.53 million euros) includes the recovery of the loss on completion of 4.08 million euros from the R-Hynoca contract and a provision for depreciation of 1.53 million euros of the module installed in Strasbourg. Its net loss amounts to 3.33 million compared to a loss of 5.27 million euros in the first half of 2022.
Over this half-year, Haffner Energy generated negative turnover of 343,000 euros.
As of September 30, 2023, available cash amounted to 21 million euros compared to 35.4 million euros as of March 31, 2023.
In terms of prospects, the company is targeting a turnover of 250 million euros as of March 31, 2027. The competitiveness of the gas produced from the SYNOCA solution allows Haffner Energy to anticipate the level of gross margin adequate for an objective of EBITDA in balance from the financial year ending 03/31/2026.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.