Entech: share price rises after 'rather flattering' first-half performance

(CercleFinance.com) - On Wednesday morning, Entech posted one of the best performances on the Paris stock exchange, following the publication of half-year results that confirmed the profitable growth momentum the company has been building since the start of the year.


The Brittany-based company, which specializes in energy conversion and storage, reported positive operating profit (Ebitda) for the first six months of its offbeat financial year.

Thanks to a tightly controlled cost structure, the Quimper-based group generated Ebitda of 409,000 euros for the six months to the end of September, compared with a loss of almost 1.3 million euros a year earlier.

In a reaction note, analysts at TP ICAP Midcap describe the half-year as "rather flattering", with a "good performance across the board".

"The Group's ambitions to achieve an Ebitda margin of 8% to 10% by the end of 2026 are gaining in credibility", says the brokerage firm, which is reassured by the Group's financial health, reinforcing its buy recommendation.

Entech has also confirmed its objective of achieving sales in excess of 300 million euros by 2029, with an Ebitda margin of 20% to 25%.

Following these announcements, the share price climbed by over 13% on Wednesday on the Paris Bourse.

Note that given the change in closing date approved in September, the 2024 financial year will have an exceptional duration of nine months.

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