Greening obtained a attributed profit of 1.2 million euros in the first six months of 2024which means a 9.3% decrease compared to the profits of 1.4 million obtained a year before, although it increased its income by 6%, up to 48.9 million eurosas a result of low energy prices in Spain and the decline in self-consumption projects.
The company has blamed the reduction in its numbers green between January and June at higher financial costsmotivated by the investments that will have their return in the coming months, in line with the group’s business plan.
In this context, its EPC (Engineering, Procurement and Construction) business recorded a high activity which has benefited the group’s consolidated results.
For its part, the gross operating result (ebitda) was located in 5.3 million euros43% more than in the same period of the previous year, driven by the dynamism in the generation business.
These results, the company explains, make it clear that Greening’s technological and activity diversification strategy allows the company to continue advancing with its business plan and minimize the risks derived from a priority positioning in a single activity.
Along the same lines, the ratio of net financial debt to ebitda estimated for this year as a whole has been located at 2.78 times, due to the increase in the construction of our own projects that provide visibility of future results that will allow us to meet the financial objectives of the current business plan.
The company has explained that these figures reflect a notable improvement in profitability compared to the same period of the previous year, in addition to an increase in billing, which allows it to confirm its guidance of ebitda by 2024 thanks to the expected contribution of international business.
The CEO of Greening, Ignacio Salcedo, has indicated that the results of this semester highlight that the company is on the right path to achieve its goals. objectives and generate value for its investorsin line with your roadmap.
“We are fulfilling our commitments to the market, while achieving our objectives in asset rotation and increasing the weight of our generation business“, he added.
However, the company has explained that during the first half of the year it has made progress in consolidating its position in United States as a key market of your business strategy.
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