Hopper58 schreef op 28 mei 2025 09:38:
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Cenergy Holdings Reports 23% Revenue Growth in Q1 2025; Net Profit Surges 74% to EUR 41 Million
19:47 27/05/2025
Cenergy Holdings S.A. has reported a strong start to 2025, with Q1 revenue reaching EUR 488 million, marking a 23% increase from the same period last year. The company's operational profits, as reflected in adjusted EBITDA, rose by 39% to EUR 76 million, maintaining high margins at 15.5%. Net profit after tax for the first quarter was EUR 41 million, a significant 74% increase compared to EUR 24 million in Q1 2024. The order backlog stands at approximately EUR 3.4 billion as of March 31, 2025. The company attributes its growth primarily to the expansion in the cables segment, which has benefited from increased demand for energy projects and the operational status of new submarine cable production capacity. The steel pipes segment also contributed with slight revenue growth while maintaining double-digit adjusted EBITDA margins. Looking ahead, Cenergy Holdings has confirmed its full-year 2025 guidance for adjusted EBITDA, projected to be in the range of EUR 300 to 330 million. This outlook is based on several assumptions, including the smooth execution of projects, sustained demand for cable products, and limited impact from global geopolitical factors. Additionally, the development of a new land cables plant in the USA is progressing as planned, underscoring the company's commitment to expanding its production capabilities and supporting its growth strategy.