Greenvolt : Absence of project sales impacts Q2 results
>Q2 results lower than expected with absence of project sales taking a toll - Greenvolt’s Q2 results, reported yesterday evening, fell short of our expectations. Revenues came to € 86.4m, up 26% thanks to revenue growth in the DG business (decentralised energy). EBITDA came to € 7.8m, down 61% on Q2 2023 (€ 20m) and lower than our € 17m forecast. The contribution from biomass business was in line with expectations at € 12m (vs € 9.4m in Q2 2023), still impacted b...
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