on Charwood Energy (isin : FR001400AJ60)
Charwood Energy 2024 Half-Year Results
Charwood Energy reports 57% growth in revenue in the first half of 2024, reaching €2.4 million, partly due to the integration of LG Concept. However, total business, including other operating income, contracted to €2.7 million from €3.3 million the previous year. This performance is accompanied by an increase in operating expenses, notably due to the doubling of the workforce.
The operating loss at 30 June was €1.9 million, reflecting investments made to support future growth. Nevertheless, Charwood Energy maintains a strong financial structure with equity of €7.1 million and low gross financial debt.
The company reaffirms its ambitions for 2027, targeting a turnover of 100 million euros, benefiting from favorable trends in the renewable energy market.
R. H.
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