Brief: Enogia FY Revenue Up At Eur 2.9 Mln
30/03/2022 17:55
March 30 (Reuters) - Enogia SA ALENO.PA :
* ENOGIA: 2021 ANNUAL RESULTS
* FY EBITDA LOSS -2.2 MILLION EUR
* CONFIRMATION OF 2025 TARGETS
* IMPLEMENTATION OF ROADMAP ANNOUNCED AT TIME OF IPO
* AT END OF DECEMBER 2021, BACKLOG WAS VALUED AT MORE THAN
EUR 5
MILLION AND SALES PIPELINE AT OVER EUR 120 MILLION
* IS NOT EXPOSED TO EFFECTS OF CONFLICT BETWEEN RUSSIA AND
UKRAINE
* COMPANY DOES NOT OPERATE IN EITHER COUNTRY, DOES NOT
MARKET ITS
PRODUCTS IN THOSE REGIONS AND HAS NO RELATIONSHIPS WITH
SUPPLIERS THERE ON WHICH IT IS RELIANT FOR ASSEMBLY OF ITS
PRODUCTS
* 2021 REVENUE TOTALLED EUR 2.9 MILLION, AN INCREASE OF 51%
COMPARED WITH 2020.
* ENOGIA ALSO CONFIRMS ITS TARGET OF DELIVERING REVENUE
ABOVE EUR
95 MILLION IN 2025
* BY 2025, COMPRESSOR BUSINESS IS EXPECTED TO EXCEED ORC
BUSINESS
* AIM IS TO ACHIEVE SIGNIFICANT REVENUE GROWTH IN 2022, WITH
SECOND HALF STRONGER THAN FIRST
* AS REGARDS PROFITABILITY, ENOGIA EXPECTS TO ACHIEVE
POSITIVE
EBITDA IN 2023
* IN LONG TERM, NORMATIVE EBITDA MARGIN IS EXPECTED TO BE
AROUND
30%
* ENOGIA EXPECTS TO BE ABLE TO APPROACH THIS LEVEL OF
NORMATIVE
MARGIN BY 2025
* FY NET LOSS EUR 2.67 MLN VS LOSS EUR 1.99 MLN YR AGO
Source text for Eikon: ID:nEQ2SmldCa
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