GREENING: 1H’24 RESULTS (ANÁLISIS BANCO SABADELL)
1H’24 vs. 1H’23:
Sales: € 48.9 M (+6% vs. 1H’23)
EBITDA: € 5.3 M (+43% vs. 1H’23)
The 1H’24 results were worse than expected on the revenues level, leading the company to lower its guidance’24e, although they were solid in terms of capacity (268 MW in COD&UC vs. 174 MW in 2023). GGR’s consolidated 1H’24 sales reached € 48.9 M (+6% vs. 1H’23), recurring EBITDA € 5.3 M (+43% vs. 1H’23) and Net Profit € 1.1 M (due to higher financial costs). These numbers have led the company to lower its 2024e revenues estimate to € 154 M vs. the previous € 190 M due to the delayed construction in some projects ...