REG - Eco Buildings Group - €1M in Revenues now achieved as of 2 December 2024

Eco BuildingsAnnouncement

04/12/2024 07:00

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RNS Number : 6777O  Eco Buildings Group PLC  04 December 2024

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

4th December 2024

Eco Buildings Group plc

(the "Company", "Eco" or the "Group")

€1M in Revenues now achieved as of 2(nd) December 2024

Revenue Milestone achieved and Delivering Solutions to the Global Housing
Crisis

 

Eco Buildings Group plc ("Eco" or the "Group"), a leader in modular housing
solutions, is pleased to announce that it has achieved revenues of
€1,018,368 as of 2nd December 2024, delivering on its commitments announced
on 20 September 2024, ahead of schedule.

 

This achievement reflects the Group's operational efficiency, fulfilling
customer orders from its state-of-the-art manufacturing facility in Albania
faster than anticipated. Eco's ability to deliver underscores its position as
a trusted solution provider to the escalating global housing crisis. As
housing demand continues to rise, driven by population growth, urbanization,
and affordability challenges, Eco Buildings is proving its ability to deliver
scalable, sustainable, and cost-efficient solutions.

 

Sanjay Bowry, Chief Executive Officer of Eco Buildings Group plc, commented:

"Eco Buildings is pleased to have achieved this significant revenue
milestone ahead of schedule. This position is a testament to our team's
dedication, the efficiency of our operations, and our commitment to addressing
one of the world's most pressing challenges: the shortage of affordable,
quality housing.

 

Our current order book, valued at over €114 million across the next three
years, combined with increasing global interest in our innovative solutions,
reflects the strength of our business model and market relevance. We remain
focused on being able to deploy additional manufacturing units and are
confident in our ability to exceed near-term revenue forecasts while expanding
our footprint in both existing and new markets. Eco Buildings is not just
fulfilling its commitments; it is setting a benchmark in providing
sustainable housing solutions globally."

 

This achievement strengthens Eco Buildings' reputation as a leader in modular
housing, leveraging cutting-edge prefabrication technology to address the
critical need for faster, more affordable, and environmentally sustainable
construction solutions worldwide".

 

About Eco Buildings Group plc:

Eco Buildings is at the forefront of modular construction technology,
utilizing Glass Fibre Reinforced Gypsum (GFRG)  materials to create
versatile, sustainable housing solutions. With a proven track record since
2006, the Group's innovative housing products address the growing global
housing deficit by combining cost-efficiency, speed, and environmental
sustainability, serving both affordable and high-end markets.

 

Investor Assurance:

This announcement contains information deemed to constitute inside information
under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as
incorporated into UK law. Upon publication, this information is considered to
be in the public domain.

 

 

Contact Information:

Further information is available on Eco Buildings
website: www.eco-buildings.net (http://www.eco-buildings.net/)

 

 

 

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

Notes

The Company has acquired proven and innovative prefabricated technology which
has been in development and commercial use since 2006. Eco Buildings' range of
prefabricated, green housing products based on glass fibre reinforced gypsum
panels ("GFRG") provides a construction solution for both affordable and
high-end housing.

Eco Buildings has already secured two sales contracts with major construction
companies, one in Albania, the other in Kosovo, which are expected to generate
gross sales revenue of approximately up to €38 million in total per annum
over the first three years (approximately €114 million in total) following
Admission.

The market share for factory-based building technology is expected to grow
significantly over the coming years as private developers and the public
sector seek to address the substantial and growing deficit in housing stock
and issues of construction cost, speed and quality and housing affordability.

 

 

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