Grenergy renovables : Q4 Results below expectations due to the absence of project sales during the quarter. 2026 targets confirmed
>Results below expectations due to the absence of project sales in Q4 - Grenergy reported this morning its Q4/FY 2023 results which were below our and FactSet consensus expectations. Q4 EBITDA came in at only € 2.3m (vs € 22.8m in Q4 2022) below consensus expectations at € 10.2m and our forecasts at € 13.8m. This relatively poor performance in Q4 is mainly attributable to the absence of project sales in Q4 and consequently a negative contribution from the segment D&C...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.
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