Grenergy renovables : Further project rotation to fund growth
>2023 was a good year even though Q4 came in below expectations - Yesterday evening Grenergy reported its 2023 results, which missed our expectations and FactSet consensus forecasts. Q4 EBITDA came to just € 2.3m (vs € 22.8m in Q4 2022), below consensus expectations at € 10.2m and our estimates at € 13.8m. This relatively poor performance in Q4 was due mainly to the lack of project sales and therefore a negative contribution from the D&C (Development and Construction...Grenergy Renovables Sl. Grenergy Renovables SL is a Spain-based company engaged in the marketing of energy recovery facilities. The Company develops projects and an Independent Power Producer (IPP) that generates renewable energy mainly through solar photovoltaic plants.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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