Business
ERREDUE S P A : BOARD OF DIRECTORS APPROVES DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2024
ERREDUE S P A : BOARD OF DIRECTORS APPROVES DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER
About this update from Erredue S.p.a.
[{"type":"text","content":"ERREDUE S.P.A. BOARD OF DIRECTORS APPROVES\n DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2024\n SIGNIFICANT +26% INCREASE IN HYDROGEN SYSTEM SALES RELATED TO THE ENERGY TRANSITION HELPS MAINTAIN SOLID REVENUE, DESPITE TRADITIONAL MARKET IMPACTED BY\n VOLATILE MACROECONOMIC SCENARIO\n INCREASED ORDERS FOR BOTH ALKALINE AND PEM TECHNOLOGY GENERATORS WITH A\n BACKLOG1 OF € 22.5 MILLION\n STRONG INVESTMENT IN DEVELOPMENT AND OPERATIONAL STRUCTURE CONFIRMS ERREDUE'S\n COMMITMENT TO MAINTAIN A CONSTANT TECHNOLOGICAL EDGE AND SUPPORT EXPECTED\n GROWTH\n EXTREMELY SOLID CAPITAL AND FINANCIAL STRUCTURE\n • Revenue from Sales and Services: € 15.9 million (€ 16.5 million at 31 December 2023)\n • Value of Production: € 19.1 million (€ 19.3 million at 31 December 2023)\n • EBITDA: € 5.1 million (€ 5.9 million at 31 December 2023); EBITDA Margin 32.0% (35.7% at 31 December\n 2023)\n • Profit for the year: € 2.7 million (€ 3.4 million at 31 December 2023)\n • Equity: € 32.2 million (€ 30.9 million at 31 December 2023)\n • Net Financial Debt: positive cash of € 17.3 million (positive cash of € 16.3 million at 31 December 2023)\n • Proposed dividend of € 0.16 per share\n ELIANA BOLLINO APPOINTED INVESTOR RELATIONS OFFICER\n CALLING OF ORDINARY SHAREHOLDERS' MEETING\n Livorno, 25 March 2025 - The Board of Directors of ErreDue S.p.A. (\"ErreDue\" or the \"Company\"; EGM: RDUE), a company active in the design and production of highly innovative and customized solutions for the on-site production, mixing and purification of technical gases (hydrogen produced by water electrolysis, nitrogen, oxygen), met today and reviewed and approved the draft financial statements at 31 December 2024.\n In the words of Enrico D'Angelo, Founder and CEO, and Francesca Barontini, CEO of ErreDue: \"The 2024 results confirm the strength of our business model and our ability to grow even in a challenging market context. The momentum behind the energy transition has driven hydrogen system sales, allowing us to keep revenue broadly in line with the prior year and achieve a 26% increase in this strategic segment. The significant growth in orders and backlog also reinforces our outlook for 2025. The company's solid equity position, combined with over forty years of industry experience, is a key asset that enables us to deliver\n 1 At 31 December 2024.\n strategic value and con...