Strong growth in annual turnover for 2023-24 to €45.5 million (+32%) for Entech

Quimper, May 28, 2024 - Entech (FR0014004362 – ALESE), specialist in the storage and management of renewable energies, recorded a turnover of €45.5 million, up 32% during the 2023 financial year -24.

The company benefited from a significant increase in its order book (+27%) and entered into a joint venture with Eiffage Energie Systèmes for high voltage energy storage projects. The main activities, battery storage and photovoltaic production, each represented 50% of annual turnover, showing growth of 40% and 36% respectively.

Entech anticipates an EBITDA close to break-even for the second half of 2023-24, thanks to a solid operational performance and an order book of €41 million. The company is targeting a turnover of €130 million with an EBITDA margin of 20% by 2025-26.