(Boursier.com) — The recovery strategy initiated by the 3R Plan is showing signs of success, and has made it possible to restore “significant” growth in its turnover for the year 2022 and a positive outlook for 2023. The turnover of Vergnet grows by 20% for the 2022 financial year to 19.2 million euros (12.68 ME in 2021), and more particularly with a 45% increase in the second half of 2022 vs 2021.
The net result of the consolidated group deteriorates to -20.44 ME with the increase in financial charges.
Equity and other equity amounted to -10.77 ME as of December 31, 2022 (-2.56 ME as of December 31, 2021), for medium-term financial debt of 41 ME as of December 31, 2022 (32 ME as of December 2021).
Net cash as of December 31, 2022 is positive and amounts to €3.9 million.
Business continuity is ensured beyond the next 12 months on the basis of the following assumptions:
– Cash available at the beginning of 2023 at 3.9 ME
– Order book at the end of May 2023 of 50.8 ME
– Optional NEGMA bond financing line available after drawings of 10.9 ME.
Outlook 2023
The 3R Plan, whose effects have been felt since its implementation, allows Vergnet to look to the future with confidence and to reinforce the Group’s mission as a virtuous creator of energy independence.
As of December 31, Vergnet had an order book of €69.7 million already signed for 2023 and 2024 and a production forecast of 40 wind turbines. In the first half of 2023, Vergnet signed nearly €18 million in new orders for EPC projects.
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