ENOGIA: 2023 annual results
The ORC Modules business generated revenue of €4.4 million in 2023, an increase of 42%.
- The ORC Modules business generated revenue of €4.4 million in 2023, an increase of 42%.
- Among other significant ORC contract wins, the execution of the Company’s first order in the maritime sector, with Chantiers de l’Atlantique, began in the fourth quarter of 2023.
- In addition, EBITDA for the second half of 2023 was at breakeven (positive €0.02 million), in line with the target announced in conjunction with the half-year results.
- Net debt was €2.6 million at the close of the year, putting gearing at 32.6% as of 31 December 2023.