DOLFINES Reports First Half 2024 Financial Results

DOLFINES, an engineering specialist in the energy sector, announced a 50% increase in revenue for the first half of 2024, reaching €4.89 million. The company's EBITDA turned positive for the first time since 2018, marking a significant milestone in its operational recovery efforts.

The net financial debt decreased by €0.4 million, ending at €2.36 million as of June 30, 2024. This was achieved amidst ongoing financial restructuring activities aimed at further reducing debt and recapitalizing the company. The restructuring is expected to complete by November, alongside a capital increase initiative.

Revenue growth was notably strong across DOLFINES' divisions, including Rig Inspections and Technical Support, driven by contracts in the offshore wind sector and a robust performance in rig audits. The group remains optimistic, citing improved profitability and efficient operational synergies as key drivers for sustained growth and future prospects.