(Boursier.com) — While the company is going through a major crisis, this financial year remains marked by the implementation of a drastic action plan in the second half of 2023, which continued in the first half of 2024 (cost rationalization, savings plan, restructuring of the management committee, etc.), with a view to having the necessary resources to support a new roadmap.
Thus for the 2023 financial year, the turnover of Vergnet climbs to 23.3 ME, up 22% compared to 2022 (19.09 ME). It illustrates in particular the good base of activity driven by the rise of the Pacific subsidiary which has a large order book.
The savings measures implemented in the second half of 2023 are reflected, in part, in the operating result which stands at -7 ME for the 2023 financial year (-14 ME in 2022). The full effect of these measures will be visible in the accounts for the 2024 financial year.
The financial result is established at? -1.9 ME (-5.2 ME last year) and allows the net result to appreciate to stand at -9.5 ME in 2023 (-20.4 ME in 2022).
Net cash (including marketable securities) at the end of December 2023 amounts to? 3.9 ME (4 ME as of December 31, 2022), net debt at 5.9 ME and equity at? 7.5 ME.
Thanks to various dilutive financings, Vergnet’s cash flow stands at? 700 kE as of June 26.
Outlook
As of December 31, 2023, the Group had an order book of 66 ME, including 65 ME relating to? EPC projects in Asia Pacific, Caribbean and Micronesia, 513 kE corresponding to? maintenance activities (O&M) and finally other small photovoltaic installation contracts.
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