OSMOSUN: Activity 2023 – 03/26/2024 at 6:00 p.m.

Chartres, March 26, 2024 –

OSMOSUN

^®

a leading player in seawater and brackish water desalination solutions using solar energy, announces its 2023 annual turnover.

(ISIN code: FR001400IUV6 – Mnemonic: ALWTR)

Quentin Ragetly, CEO of OSMOSUN

^®

comments

“The year 2023 was a crucial year for OSMOSUN. Our IPO last July gave us the means to invest for our future growth and has already enabled us to strengthen our teams, develop our local presence in priority international areas and consolidate new strategic partnerships. Our pipeline of projects in advanced negotiations is accelerating with a growing number of major contracts. This growth potential allows us to begin the 2024 financial year with confidence and to reiterate our short and medium-term objectives with the continued ambition of becoming a benchmark player in low-carbon water treatment. »

An activity marked by the advancement of significant projects

In fiscal year 2023, OSMOSUN

®

continued the deployment of its desalination units launched in 2022 and started several new projects signed in 2023.

The turnover, recognized as projects progress based on costs incurred at the closing date, came to €3.0 million over the year, mainly due to the progress of major contracts in the strategic areas of the Group, particularly in the Caribbean, Saint Kitts and Nevis, Africa, Cape Verde, Mauritania, Morocco and even Djibouti, Oceania and Vanuatu.

The delay in the schedule of certain major contracts weighed on turnover for the 2023 financial year. Without these delays, turnover should have been close to €4 million. These shifts will contribute positively to revenue for the 2024 financial year.

Over the year, OSMOSUN

^®

has sold 10 desalination units, bringing to 69 the number of units sold since its creation, the equivalent of approximately 3.5 million cubic meters of water produced and 5,673 tonnes of CO2 avoided.

Significant development of the portfolio of contracts in advanced negotiations

During the financial year, OSMOSUN

®

actively pursued its commercial development in order to ensure its future growth. The project pipeline has grown significantly, with notably 9 major projects worth several million euros in the advanced negotiation phase.

The overall commercial pipeline thus amounted to €204 million as of December 31, 2023 (compared to €166 million as of June 30, 2023). It includes :

• An order book (contracts signed to date), representing around fifteen projects to be delivered over the next 12 months, of
  
  amount of €3.0 million
  
  ;

• More than
  
  50 projects in advanced negotiations
  
  [1]

  to be potentially carried out between 2024 and 2025 and representing a potential turnover estimated at €70 million compared to €38 million of projects in advanced negotiations as of June 30, 2023;

• More than 180 projects identified

  [2]

  with a total value of €131 million, on which the Company could position itself.

Outlook

Taking into account the contracts already signed, the multiplication of the number of projects in advanced negotiations, the acceleration of commercial opportunities on major projects, and the expected catch-ups on contracts delayed in 2023,

OSMOSUN

^®

anticipates a strong acceleration in growth in 2024, particularly as a result of the expected completion of major projects.

OSMOSUN

®

also confirms its objectives of achieving a turnover of €20 million in 2025 and €48 million in 2027 and of improving its profitability over the entire period of the plan to increase its adjusted EBITDA margin

[3]

to more than 10% in 2025 to reach more than 20% in 2027.

Next publication:

2023 annual results, April 23, 2024 after market close

Next meeting

: Meeting to present the 2023 annual results, April 24, 2024 at 10 a.m.

Glossary

Projects in advanced negotiation

: refer to cases having been the subject of a firm offer from the Company with a signature from the client expected within a few weeks (each qualified as a Detailed Preliminary Project or “AVPD”), or cases already qualified and in the negotiation phase with a maturity of more than a few months (each qualified as a Summary Preliminary Project or “AVPS”). Consequently, there is a risk of “non-transformation” into a firm order.

Projects identified

: brings together projects where all the elements are not yet known or fixed and which are still subject to qualification (maturity greater than 12 months) as well as identified projects for which initial discussions have already taken place with the client . Consequently, there is a risk of “non-transformation” into a firm order

Adjusted EBITDA

: Operating income restated for net allocations to intangible and tangible assets and provisions + Research Tax Credit

ABOUT OSMOSUN

^®

Created in 2014, OSMOSUN

^®

aims to become a key player in the “low carbon” water market in order to make drinking water accessible to all.

OSMOSUN

^®

has developed a unique, economical, clean and sustainable patented solution for desalination of seawater and brackish water that runs on solar energy and without batteries. OSMOSUN units

^®

can produce up to 50,000 m

³

of water per day and

position themselves among the least energy-intensive and the most economically competitive.

As of December 31, 2023, 69 desalination units have been sold in 27 countries.

More information :

OSMOSUN® | Create water where life is

[1]

See glossary

[2]

See glossary

[3]

See glossary

© Copyright Actusnews Wire

Receive future company press releases free of charge by email by subscribing to www.actusnews.com