on UPERGY (EPA:ALUPG)
UPERGY: Analysis of Billings for the 3rd Quarter of 2024
Upergy Group reported nearly stable billings in Q3 2024, reaching €10.3 million, compared to €10.5 million in 2023. The slowdown in sales in Great Britain, representing 37% of billings in Q3 with a 9% decline, masks the recovery in France of 2.7%. This momentum in France did not offset the decline observed elsewhere.
BtoB activity, which represents 89% of invoicing, slightly declined by 1.9%. In Great Britain, the economic situation impacted Enix Power Solutions (-4.8%) and Enix Energies (-0.2%). Activity in Spain recorded growth of 9%, demonstrating development potential.
Meanwhile, BtoC saw its sales decrease by 3.4%, but marked an improvement compared to the first half of 2024. For the year 2024, Upergy is targeting stable revenue compared to 2023, while reducing fixed costs to preserve its profitability.
R. H.
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