(AOF) – In the first half of 2023, OKwind’s EBITDA improved significantly to stand at 4.7 million euros while it posted an operational loss a year ago of 102,000 euros . Over this half-year, its net profit stands at 2.83 million euros compared to a net loss of 854,000 euros in the first half of 2022. The group’s half-year turnover amounts to 37.5 million euros. , an increase of 178% compared to June 30, 2022. As of June 30, 2023, its cash position amounted to 9.3 million euros, compared to 13.9 million euros as of December 31, 2022.
Firm order intake recorded since January 1 of the current financial year, consolidated at the end of September 2023, is up very sharply and amounts to 60.3 million euros, compared to 47.3 million euros in September 2022 (+27.5%).
As a result, the order book as of September 30, 2023 stands at 45.9 million euros compared to 30.6 million euros as of September 30, 2022.
With a robust business model and a growing order book, OKwind Group confirms all of its financial objectives for 2023 and 2026.
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An ecological transition that drives metal prices
The ecological transition is driving demand and causing prices to rise. Lithium prices jumped 100% last year, supported by sales of electric cars. The need for metals such as aluminum, copper, graphite, or nickel is expected to soar by 2050. The war in Ukraine has reinforced the rise in prices because Russia is a major producer of mineral raw materials. , in particular aluminum, palladium, nickel and titanium. The International Energy Agency (IEA) recently warned of the risk of shortages of several metals necessary for the energy transition. Europe has mobilized on strategic metals with the objective of strengthening its sovereignty.