reports
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | Charging ahead with a backlog surge
Smooth project execution to propel further growth – Following an impressive FY’22 performance, with EBITDA rising to €137mn (+31% yoy), Cenergy’s H1’23 results confirmed that the Group remains on a solid footing. Notably, Group H1’23 EBITDA settled at €86mn (+67% yoy) on account of strong growth in both the cables and the steel pipes segments, with the latter also aided by the easy comp. In addition to the robust results, we draw attention to the rapidly growing backlog, which has jumped to €2.5...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | Charging ahead with a backlog surge
Smooth project execution to propel further growth – Following an impressive FY’22 performance, with EBITDA rising to €137mn (+31% yoy), Cenergy’s H1’23 results confirmed that the Group remains on a solid footing. Notably, Group H1’23 EBITDA settled at €86mn (+67% yoy) on account of strong growth in both the cables and the steel pipes segments, with the latter also aided by the easy comp. In addition to the robust results, we draw attention to the rapidly growing backlog, which has jumped to €2.5...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | ElectriGas growth unleashed
Leading cable/steel pipes manufacturer and electrification/gas play; market in secular growth – Cenergy is one of the leading cables/steel pipes manufacturers globally, with its activities focused on the production of high voltage cables (No 4 international player) and steel pipes. The group is diversified geographically (Greece just c30% of sales) while serving most subsector end markets. The main value driver of the group is the cables division, which accounted for c70%/80% of 2022 revenues an...
- Marios Bourazanis
- Nikos Athanasoulias CFA
- Stamatios Draziotis CFA
Cenergy Holdings | ElectriGas growth unleashed
Leading cable/steel pipes manufacturer and electrification/gas play; market in secular growth – Cenergy is one of the leading cables/steel pipes manufacturers globally, with its activities focused on the production of high voltage cables (No 4 international player) and steel pipes. The group is diversified geographically (Greece just c30% of sales) while serving most subsector end markets. The main value driver of the group is the cables division, which accounted for c70%/80% of 2022 revenues an...
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