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What is Groupe okwind (fr0013439627 – alokw) doing in 2024?
TORCÉ, France, October 16, 2024 -- (BUSINESS WIRE)--Regulatory News: Groupe OKWIND (FR0013439627 – ALOKW), which is specialized in the design, manufacture and sale of smart energy generation and management systems dedicated to self-consumption, today announces its half-year results for 2024 and sales for the first nine months of the year.
Who is okwind?
Founded in 2009 by Louis Maurice, Chairman and CEO, the French Group OKWIND is the expert in individual and collective self-consumption of energy. Its global approach and cutting-edge technology aim at enhancing the energy independence and sufficiency of farms, companies, local authorities and private individuals.
What is Groupe okwind?
On behalf of Groupe OKWIND, we would like to thank you for your interest. Since its inception, Groupe OKWIND has been driven by the desire to provide an immediate response to the environmental emergency by limiting the use of fossil fuels despite growing needs.
How did Groupe okwind perform in the first half of 2024?
In the first half of 2024, Groupe OKWIND's business was penalized by several cyclical factors, more particularly a volatile electricity price environment compared with the previous year. The first-half revenue came to €31.4 million, down 16% compared with the first half of 2023. The revenue breaks down as follows:
Does Groupe okwind have a credit facility?
Financing and cash position as of June 30, 2024 In 2023, Groupe OKWIND subscribed to a €25 million syndicated credit facility, consisting of a €10 million revolving credit facility to finance its working capital requirement. The Group also benefits from a medium-term credit facility of €15 million, which has not yet been drawn down.
Will Groupe okwind triple its production capacity?
Groupe OKWIND has just obtained a building permit for its future plant in Etrelles, Brittany, a site that will enable the Groupe to triple its production capacity over time and meet the growing demand for renewable energies. Implementation of the share buyback program
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