DJ Charwood Energy: FY 2022 revenue / Sustained sales momentum expected in 2023
Charwood Energy Charwood Energy: FY 2022 revenue / Sustained sales momentum expected in 2023 13-Feb-2023 / 17:45 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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FY 2022 revenue
Sustained sales momentum expected in 2023
Charwood Energy (ISIN: FR001400AJ60, ticker: ALCWE), a French specialist in customised biomass energy solutions, publishes its 2022 revenue.
In millions of euros, unaudited data 2021 2022 Revenue 4.6 4.9
FY 2022 revenue: EUR4.9m
In 2022, Charwood Energy posted revenue of EUR4.9m versus EUR4.6m in 2021. This was achieved entirely on behalf of third parties for the design, construction and installation of tailor-made biomass energy solutions on behalf of external customers such as farms, industrial companies and local authorities.
At the end of the year, Charwood Energy recorded delays in the implementation of certain biomass power plants on behalf of third parties but confirms their deployment in 2023.
Sustained sales momentum expected in 2023
In 2023, sales momentum should remain supported by a structurally favourable market offering many opportunities that Charwood Energy intends to seize, thanks to its unique positioning at the heart of the energy independence challenges and the energy transition imperatives faced by companies.
In its business on behalf of third parties, many structural projects are under advanced discussions and are expected to be announced soon.
Its own-account business is continuing, with five plants in development as at 31 December 2022, in line with the target announced during the initial public offering. As such, Charwood Energy has confirmed the first revenues from the gradual commissioning of these plants from 2023.
Reiteration of 2027 ambitions
Benefiting from a very buoyant environment and solid sales momentum, Charwood Energy reaffirms its ambitions for 2027, i.e.:
-- Expected revenue of EUR100m, around 60% of which from own-account business;
-- 50 owned plants in operation and under construction, representing an estimated ARR[1] of around EUR90m.
Next publication: 2022 annual results, 17 April 2023 after market close.
About Charwood Energy
Convinced that biomass is a key response to the challenges of the energy transition, Charwood Energy designs, installs and maintains tailored solutions for the production of biomass renewable energy.
Charwood Energy has a wealth of technical know-how and expertise in all biomass recovery technologies - heating and heating networks, methanisation and pyrogasification.
Positioned since 2019 in the promising area of pyrogasification technology, Charwood Energy is now also involved in the development and operation of proprietary pyrogasification units aiming to produce and sell green gas, biochar and carbon credits to industrial customers under direct purchasing contracts.
The company is listed on Euronext Growth Paris (ISIN: FR001400AJ60, ticker: ALCWE) - Eligible for PEA PME equity savings plans - Certified as an "Innovative Company" by bpifrance.
For more information, visit https://charwood.energy/investisseurs/
Contacts
CHARWOOD ENERGY ACTIFIN ACTIFIN
Investor Relations Press Relations
investisseur@charwood.energy charwood@actifin.fr mjordan@actifin.fr
+33 (0)2 97 26 46 30 +33 (0)1 56 88 11 14 +33 (0)1 56 88 11 26
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[1] ARR: Annual Recurring Revenue, or sales generated by plants once in operation, on an annualised basis
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Regulatory filing PDF file File: FY 2022 revenue / Sustained sales momentum expected in 2023
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Language: English
Company: Charwood Energy
1 Rue Benjamin Franklin - P.A. de Kerboulard
56250 Saint-Nolff
France
Phone: 0297264630
E-mail: contact@energy.bzh
ISIN: FR001400AJ60
Euronext Ticker: -
AMF Category: Inside information / News release on accounts, results
EQS News ID: 1558501
End of Announcement EQS News Service
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1558501 13-Feb-2023 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1558501&application_name=news
(END) Dow Jones Newswires
February 13, 2023 11:45 ET (16:45 GMT)
