(AOF) – OKwind Group managed to double its turnover achieved in 2022, displaying a record level of activity in 2023. The annual turnover thus stands at 82.5 million euros, an increase by 97% compared to December 31, 2022. In 2022, it amounted to 41.8 million euros. In 2023, firm order intake amounts to 80.8 million euros, a level comparable to 2022, despite the rising interest rate context and the downward trend in electricity prices.
OKwind Group confirms all of its financial objectives for 2026 and should achieve in 2024 a turnover of more than 110 million euros with a consolidated EBITDA rate of at least 16%.
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The multiple challenges of environmental criticality
It first refers to the supply and availability of different metals in the subsoil. The other determining element is demand. According to the International Energy Agency, lithium consumption will increase more than 40-fold by 2040. Copper is also the perfect example of this criticality. According to S&P Global, copper consumption will double by 2035, from 25 million tonnes per year to 50 million tonnes. However, investments in new mines are penalized by falling prices and rising financing and production costs. Shortages are therefore to be feared in ten or fifteen years. Finally, the mining industry will face growing opposition from populations because of its impacts (particularly in terms of waste and water pollution).