Brief: Enogia H1 Net Loss At Eur 0.9 Mln, Sees Positive EBITDA In 2023

Enogia SA

19/10/2021 17:12

Oct 19 (Reuters) - Enogia SA  ALENO.PA :
    * ENOGIA: H1 2021 RESULTS
    * H1 REVENUE EUR 1.3 MILLION VERSUS EUR 0.9 MILLION YEAR AGO
    * AT END OF JUNE 2021, ORDER BACKLOG STOOD AT MORE THAN EUR
5
MILLION
    * H1 NET LOSS EUR 0.9 MILLION VERSUS LOSS EUR 1.0 MILLION
YEAR AGO
    * AS OF 30 JUNE 2021, NET FINANCIAL DEBT AMOUNTED TO EUR 4.8
MILLION
    * HAS BEEN CLOSELY MONITORING COMPONENT SHORTAGE THAT HAS
BEEN
AFFECTING IT SINCE SUMMER, ALONG WITH MANY OTHER PLAYERS AND
BUSINESS SECTORS
    * CONFIRMS ITS GOAL OF DELIVERING REVENUE OF MORE THAN EUR
95
MILLION IN 2025
    * FACING A SPECIFIC PROBLEM IN GERMANY, WHERE SUPPLIES OF A
PART
SPECIFICALLY DEDICATED TO 100 KW AND 180 KW ORCS HAVE BEEN
STRAINED FOLLOWING FLOODS
    * ENOGIA BELIEVES IT WILL BE ABLE TO DELIVER A MARGIN IN
LINE WITH
NORMATIVE LEVEL BY 2025
    * DOES NOT ANTICIPATE ANY SIGNIFICANT IMPACT ON REVENUE OR
PROFITABILITY IN 2021
    * SEEKING ADDITIONAL SUPPLIERS TO LIMIT POTENTIAL IMPACT
SHOULD
ISSUE PERSIST EARLY NEXT YEAR
    * ENOGIA ANTICIPATES POSITIVE EBITDA IN 2023
    * IN LONG TERM, NORMATIVE EBITDA MARGIN IS EXPECTED TO BE
AROUND
30%
    * H1 EBITDA LOSS EUR 0.8 MILLION VERSUS LOSS EUR 0.8 MILLION
YEAR
AGO

Source text for Eikon:  ID:nEQ5Pwxgva 
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