OKwind shares rose sharply on Tuesday on the Paris Bourse, following the publication of solid results and confirmation of its targets by the specialist in energy generation systems dedicated to self-consumption.

The company announced last night that it had significantly improved its profitability in the first half of the year, with Ebitda of 4.7 million euros, compared with a loss of 0.1 million euros a year earlier.

Its Ebitda margin of 12.5% at the end of the first half is already above its annual target.

For the 3rd quarter, OKwind reports a new episode of 'hypergrowth', with sales up 93% to 17.7 million euros.

Its order book has grown in parallel to 45.9 million euros at September 30, compared with 30.6 million at September 30, 2022.

The group also confirmed its financial targets, continuing to forecast sales of at least 85 million euros and an Ebitda margin of over 12% this year, before reaching sales of 175 million euros and a margin of around 20% by 2026.

At 12:15 pm, OKwind shares were up 5.6%, posting a gain of almost 38% since the start of the year.

Copyright (c) 2023 CercleFinance.com. All rights reserved.