(Boursier.com) — HRS climbs 9% to 14.40 euros this Friday. After an annual turnover of 30.08 million euros, current EBITDA for the 2022/2023 financial year stood at -2 ME, down 2.6 ME compared to the previous financial year. . Current Ebitda was in balance in the second half of the financial year. After net allocations to depreciation and provisions of 2.6 ME, which include 1.2 ME of depreciation of receivables following the filing of bankruptcy of a customer, the current operating result (ROC) comes to -6.2 ME.
After taking into account deferred tax income of 1.3 ME and a negligible financial result, the net result for the 2022/2023 financial year stands at -4.9 ME.
HRS thus has cash and equivalents of 30.5 ME as of June 30 (34.7 ME as of June 30, 2022) and a gross financial debt, mainly linked to the financing of the new site, of 21 ME excluding rental debts.
Perspectives displayed
The order book, which includes customer framework contracts as of July 27, 2023, stands at 108 ME, representing 87 stations, 12 of which are already installed in Europe.
Drawing on its order book and ongoing negotiations with numerous clients, both historical and new prospects, HRS aims to continue the strong growth in its turnover by June 30, 2024, which is expected to increase between +50 and +100% compared to this 2022/2023 financial year.
The growth of the workforce will slow down significantly over the coming months in line with the operational and financial efficiency objectives of HRS, which aims to deliver positive current Ebitda by June 30, 2024 while also benefiting from the gradual increase in gross margin.
HRS once again confirms its ambition to reach 85 ME in turnover by June 30, 2025, the objective being to have delivered 100 new stations over the period 2021-2025. HRS also confirms the objective of achieving around 20% current operating margin (current operating profit / turnover) as of June 30, 2025.
Portzamparc speaks of a reassuring publication, which confirms the trajectory of HRS: “The guidance seems prudent to us, but remember that last year the initial objective was +50% to end with +77% growth… The group is on the right track to achieve its objective of 85 ME in turnover by June 2025, even if the margin guidance of 20% still seems challenging to us” comments the analyst who continues: “However HRS will be the first player in the sector to achieve ‘break even’ EBITDA, starting in the current financial year, including at the lower end of the growth guidance range. Our forecasts will be updated after the presentation meeting this Friday. The stock market sanction of these recent weeks (-21% in one week, -37% over 1 month) seems clearly exaggerated to us and represents an opportunity to return to the stock” concludes Portzamparc.