- Confirmation of the Company's hyper-growth phase
- Revenues for Q2 2023 at €20 million, up +122% vs. Q2 2022
- Acceleration of commercial momentum and diversification of
the offering
- Order backlog1 up to €52 million at June 30, 2023, vs. €18.5
million at June 30, 2022
- Confirmation of Groupe OKwind's positioning in the Water
business
- Confirmation of financial objectives for 2023 and 2026
- 2023: revenues of at least €85 million and consolidated EBITDA
above 12%
- 2026: revenues of €175 million and consolidated EBITDA of
around 20%
Regulatory News:
Groupe OKwind (FR0013439627 - ALOKW) (Paris:ALOKW), which
is specialized in the design, manufacture and sale of intelligent
renewable energy generation and management systems dedicated to
self-consumption, announces its first-half revenues ended at June
30, 2023 in strong growth.
Louis Maurice, Founder and Chairman of Groupe OKwind,
commented: "Groupe OKwind is continuing to execute perfectly
the roadmap presented a year ago at the time of its IPO. Quarter
after quarter, the company is recording strong revenue growth and
maintained its solid sales momentum. By optimising our industrial
facilities and structuring our teams and processes, we are able to
cope with the very sharp increase in our business. The past
half-year has also been marked by the diversification of our
offering in the Water business, which is emerging as a
high-potential growth driver from 2024 onwards. At the same time,
we are continuing to evaluate the various opportunities for our
international expansion. On the strength of these advances, we
confirm all our short- and medium-term financial objectives”.
Commercial activity for the first half
of 2023
in €m
30/06/2023
30/06/2022
Change in %
Revenues
37.5
13.5
+178
of which BtoB revenues
33.5
11.6
+189
of which BtoC revenues
4
1.9
+111
During the first-half of 2023, Groupe OKwind experienced another
period of strong activity across its three verticals (farms, local
authorities/industrial sites and individuals).
Groupe OKwind's solutions, which offer low-carbon energy at a
constant, reduced cost, continue to develop despite a significant
drop in electricity prices on short-term markets.
As a result, revenues for the first half of 2023 rose sharply to
€37.5 million, an increase of +178% compared with 30 June 2022.
Revenues recorded in the second quarter of 2023 amounted to €20
million, marking an acceleration on those of the first quarter of
the current financial year (€17.5 million).
At the same time, sales momentum continued across all business
markets, with firm orders intake of €45.2 million in the first half
of 2023, up 76% on the first half of 2022. Order intake in the 2nd
quarter was slightly lower than in the previous quarter due to the
rise of interest rates. This situation in no way calls into
question the Company's development trajectory and ambitions.
Overall, the order book increased significantly to €52 million
at June 30, 2023, compared with €18.5 million at June 30, 2022.
Revenues growth has also been accompanied by EBITDA generation
in line with expectations, enabling the Company to confirm its
objectives to achieve a consolidated EBITDA rate of over 12% by
2023.
2023 First-Half
highlights
Groupe OKwind is pursuing its strategy of sustained growth and
diversification, particularly in the water and wastewater sector, a
market segment in which the company has consolidated its
position.
- Strengthening of the partnership with Purecontrol Groupe
OKwind has supported Purecontrol's fund-raising by increasing its
stake in the company in order to accelerate its development in the
water and wastewater market in France and Europe.
- Signature of a strategic collaboration agreement with
OSMOSUN® This agreement provides for the development of
technological and commercial synergies in the water treatment and
brackish water desalination market. In addition, Groupe OKwind has
invested in Osmosun through the subscription of convertible
bonds.
Development strategy and
outlook
The first half of 2023 confirmed both, the relevance of the
solutions deployed by Groupe OKwind, which is maintaining a solid
growth momentum, and the Company's ability to manage this
hyper-growth phase.
Groupe OKwind has thus accelerated its commercial development
across all its business lines, while laying the foundations for its
future growth by diversifying its offering into new growth markets
such as agrisolar and, above all, water and sanitation, where
orders are expected to be significant from the second half of
2023.
In parallel with its commercial deployment, the Company
continued to industrialise its processes to able to absorb the
increase in its activity and, in particular, its capacity to
install new trackers.
Finally, the supply situation, improving during the first
quarter of 2023 (normalisation of raw material prices, shorter
supply cycles), has stabilised in recent months, enabling the
Company to continue improving its margins.
Backed by a robust business model and a rapidly expanding order
book, Groupe OKwind confirms all its financial objectives for 2023
and 2026.
Next financial publication:
2023 Half-Year Results and 2023 Third Quarter revenue,
October 16, 2023 (after market close)
About Groupe OKwind
Founded in 2009 by Louis Maurice, Chairman and CEO, Groupe
OKwind develops solutions for the production and consumption of
green energy in short supply chains. Our comprehensive approach,
combining energy generation and management, aims to strengthen
energy autonomy and thus accelerate the ecological transition.
Thanks to its unique technological ecosystem, Groupe OKwind enables
self-consumption to assert itself as a new avenue for energy. A
solution that can be quickly deployed, managed in real time and at
a competitive price, without subsidies. Every day, we work to
deploy local, low-carbon, fixed-cost energy for professionals and
individuals. In 2022, Groupe OKwind generated consolidated revenues
of €41.8 million and today has 164 employees, with more than 3,280
installations throughout France.
For more information: www.okwind.fr
1The order book corresponds to orders for which a
purchase order has been signed, some of which are invoiced on
delivery and the remainder on commissioning of the trackers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230719943552/en/
Groupe OKwind Investor Relations investors@okwind.fr
NewCap Mathilde Bohin / Thomas Grojean Investor Relations
okwind@newcap.eu T.: +33 (0)1 44 71 94 94
NewCap Nicolas Merigeau Media Relations okwind@newcap.eu
T.: +33 (0)1 44 71 94 98
Grafico Azioni Groupe Okwind (EU:ALOKW)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Groupe Okwind (EU:ALOKW)
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Da Apr 2023 a Apr 2024
