E-PANGO: Half-year results as of June 30, 2024

E-PANGO, which specializes in supplying energy to businesses and communities, has revealed its results for the half-year ending June 30, 2024. Turnover remains at €0.1 million, identical to that of June 2023, but down from €0.4 million in December 2023. Gross margin reached €0.3 million, up from the same period of the previous year.

Negative EBITDA improves from -€1.3m in December 2023 to -€0.3m in June 2024. Operating income and net income also show a reduction in losses, with -€0.3m and -€0.5m respectively.

The half-year is marked by the absence of electricity supply activity and high legal expenses. Nevertheless, the subsidiary e-Bega is launching its activities in the Smart sector, while new financing ensures the company's short and medium-term sustainability.

E-PANGO continues its focus on the downstream side of the meter and offers flexible and individualized optimization solutions, considered crucial for the energy transition.