on ENTECH (EPA:ALESE)
Entech posts encouraging annual results for 2024
Entech, a company specializing in the storage and management of renewable energy, has published positive results for 2024, despite being in operation for only nine months. The company generated revenue of €35.2 million, with a positive EBITDA of €849,000, marking a shift towards profitable growth.
Entech consists of several divisions, including Entech Construction, which accounts for 72% of sales, and Entech Solutions, which accounts for 27%, already surpassing the previous year's figures. A new entity, Entech Energy & Services, has also entered the market, contributing to revenue with its E-Factory services.
The year was marked by strategic partnerships, including a major €30 million contract for the construction of energy storage systems, demonstrating Entech's ability to partner on large-scale projects.
R. P.
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