Upergy: Results for the first half of 2024

The Upergy Group, a specialist in energy solutions, has announced a turnover of €22.12 million for the first half of 2024, down 3.6% compared to 2023. The BtoB sector, representing 90% of the activity, is growing by 0.5% while BtoC is experiencing a decline of 11.4%.

Gross margin reached 46%, up 6.8%, thanks to efficient cost management, despite inflation and increases in external and personnel expenses. Operating income decreased slightly to €0.74 million, compared to €0.87 million in 2023. However, consolidated net income amounted to €0.53 million, up 56.9%.

As of June 30, 2024, the company's equity stands at €14.7 million, with a negative cash flow change of -€1.87 million. The group remains cautious about its outlook for the second half of the year, anticipating a stabilization of turnover for the whole of 2024.