(AOF) – OKwind recorded a 178% jump in revenues in the first half to 37.5 million euros. Firm orders for the specialist in intelligent energy generation and management systems dedicated to self-consumption reached 45.2 million euros, up 76%. The company notes that second quarter order intake was slightly lower than the previous quarter due to the bullish interest rate environment. However, it considers that the situation in no way calls into question its trajectory and its development ambitions.
In total, the order book increased sharply and stood at €52 million as of June 30, 2023, compared to €18.5 million as of June 30, 2022.
Louis Maurice, Founder and Chairman of the OKwind Group, declared: “Quarter after quarter, the Company has recorded strong growth in its revenues and maintained a solid commercial dynamic. The optimization of our industrial tools, the structuring of the teams and our processes allow us to be able to cope with the very strong increase in our activity”.
OKwind has confirmed its short and medium term objectives. This year, it is targeting a turnover of at least 85 million euros and a consolidated EBITDA rate of more than 12%. For 2026, the group expects a turnover of 175 million euros and a consolidated EBITDA rate of around 20%.
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