Aconnic AG Releases Financial Figures for H1 2024

aconnic AG reported a sales revenue of 31.6 million EUR for the first half of 2024, marking an 8% decline from the previous year. Despite the reduced revenue, growth was noted in the Network Services and Engineering & Managed Supply segments.

The EBITDA stood at 2.1 million EUR, down from 5.4 million EUR in the same period last year. However, the order backlog increased significantly to 49.9 million EUR by June 30, 2024, up from 32.6 million EUR at the end of 2023.

Project delays of up to 18 months were attributed to restructuring and staff cuts, impacting the implementation of network expansion projects. Market visibility remains low, with a 10% decline in sales predicted for the full year 2024.

New revenue sources are emerging from the Carbon Capturing & Bio-Energy division, which began operations and is expected to generate around 1.5 million EUR in 2024. Further financial details will be available in the full half-year report, scheduled for release on October 31, 2024.