France's ENOGIA H1 revenue rises 32%, boosted by South Korea contracts
France's ENOGIA H1 revenue rises 32%, boosted by South Korea contracts
Overview
France micro-turbomachinery firm's H1 2026 revenue rose 32% yr/yr to €7.2 mln
Growth driven by ORC Modules, with major contracts in South Korea industrial market
Order book hit record €30 mln, up 70% yr/yr
Outlook
ENOGIA reaffirms full-year 2026 revenue growth target of more than 30%
Company expects continued improvement in EBITDA margin for 2026
Innovative Turbomachinery segment expected to recover in second half of 2026
Result Drivers
ORC MODULES CONTRACTS - Growth in ORC Modules business driven by two major contracts for hydrogen fuel cell fleet in Ulsan, South Korea
TURBOMACHINERY PROJECT SCHEDULE - Decline in Innovative Turbomachinery revenue due to project timing, with several programs in testing or design phase
CAPACITY AND SALES EXPANSION - Tripling of industrial capacity and strengthened export sales organization, including new Seoul office, supported growth
Company press release: ID:nEQ7qmG9pa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 7.15 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the heavy electrical equipment peer group is "buy."
Wall Street's median 12-month price target for Enogia SA is €7.00, about 10.8% above its July 22 closing price of €6.32
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 36 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)