UPERGY: billings for the 2nd quarter of 2024: €10.9 million

The Upergy Group, listed on Euronext Growth Paris, recorded stable billings of €10.9 million in the 2nd quarter of 2024, compared to €11.1 million in 2023. For the first half, billings reached €22.8 million, in slight decrease compared to 2023.

BtoB activity represents 90% of billings for the first half of 2024, up 0.5% compared to 2023. This growth is supported by the recovery of the audiovisual sector, particularly in the United Kingdom, and the increase in OEM activities with Enix Power Solutions.

Tensions on transport in June slowed down the progression of activities, although they were up 9% in April and May. The BtoC activity represents 10% of billings, down 11.4% compared to 2023, with a strategy focused on high-margin products.

The Group is targeting an increase in its profitability in 2024, with an expected increase in the gross margin rate, and remains focused on optimizing its product portfolio.