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Grenergy earns 8.8 million until June, 29% more

MADRID, 26 Sep.

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Grenergy earns 8.8 million until June, 29% more

MADRID, 26 Sep. (EUROPA PRESS) -

Grenergy achieved a net profit of 8.8 million euros during the first half of this year, which represents an increase of almost 29% compared to the same period of the previous year, as reported by the company to the National Commission of the Market of Securities (CNMV).

Between January and June, the gross operating result (Ebitda) also climbed to 20.1 million euros, with an increase of 51%, while revenues reached 107.3 million euros, which represents a 30 % compared to 82.5 million in the first half of 2021.

The company's indebtedness and balance sheet also improved compared to the first quarter, despite Grenergy's investments in the construction of its own plants.

This is due, as explained by the firm, to the positive impact that the accelerated increase of 90 million euros (successfully closed last June) had on its accounts.

The company has highlighted that these results are mainly explained by the entry into operation of its own parks and the sale of energy associated with them, reaching 578 MW in operation with the recent connection of distribution parks in Colombia and Chile.

Grenergy also has projects under construction totaling 802 MW and which will be connected in the coming months.

"With a balance sheet and own funds reinforced by the recent capital increase, we are completely focused on our growth plans, mainly with a focus on new markets such as Germany or the United States, as well as new storage technologies", the director highlighted. Grenergy delegate, David Ruiz de Andrés.

Keywords:
CNMVGrenergy