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on ENERTIME (EPA:ALENE)

ENERTIME announces strong growth in its results in 2023

ENERTIME, a French company specializing in Cleantech technologies, has publicly shared its provisional financial results for the year 2023. Notably, the company records a significant increase of 108% in its operating revenue, reaching 5.5 million euros. , which includes a turnover up 88% to 3.8 million euros. The latter reflects a robust recovery in activity after periods of crisis.

Despite a negative operating result of 4.9 million euros, ENERTIME observed an improvement compared to the previous year, thanks to the increase in its workforce and the efficient management of costs linked to its expansion. The order book amounts to 11 million euros at the start of 2024, indicating an increase of 141% in one year.

The company also strengthened its balance sheet with a capital increase of 3.7 million euros and plans significant collections to support its cash flow over the coming months. The closing of the consolidated accounts for 2023 is planned with the imminent publication of the annual financial report.

R. E.

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