The facts speak for themselves, and both the results of the first half of 2024 and our ambitious 2024-2026 Strategic Plan, as well as the dividend distribution since we have been a listed company, are testimony to Arteche’s commitment.
The good results of the first semester support us
During the first half of 2024, Arteche has achieved a 73% increase in its net profit, reaching 7.4 million euros. Sales have grown by 19.6% compared to the previous year, reaching 224.9 million euros, while hiring has increased by 15%, reaching 284.5 million euros. These results demonstrate Arteche’s good positioning and leadership, and our ability to take advantage of all the opportunities of a booming market.
EBITDA has shown a notable growth of 41.4%, representing 11% of sales. This increase is a reflection of increasingly efficient management thanks to different projects and a clear focus on profitability. In addition, we have improved our leverage ratio, reducing net financial debt to 39.7 million euros, which represents 0.8 times EBITDA.
Generating real value for shareholders
Since our IPO in 2021, Arteche’s share has appreciated by more than 60%, demonstrating the market’s confidence in our trajectory and performance. At Arteche we understand that this growth can only be explained as a direct result of our reputation in the market, our transparency, and ambitious and clear guidelines; as well as the consolidation and distinction of our products, our geographical expansion and our commitment to innovation, without forgetting the efforts to increase our operational efficiency.
Furthermore, and continuing for another year with our commitment to shareholder remuneration, during the first half of the year, said remuneration charged to the 2023 results has been set at €0.106 per share, equivalent to the distribution of 50% of the net profit of the Cluster. This commitment to our shareholders, as we have been remembering, will be maintained with a minimum pay-out of 30% during the period of our new strategic plan.
Plan Estratégico 2024-2026: “Energizing Futures Together”
Our 2024-2026 Strategic Plan, titled “Energizing Futures Together”, is designed to consolidate our leadership in the electricity sector and materialize the objectives of the company and our investors. We aspire to reach between 520 and 540 million euros in revenue in 2026, compared to the more than 401 million obtained in 2023, in addition to an EBITDA between 65-70 million euros with a weight on sales of between 12.5%-13 %. This plan also focuses on sustainability, innovation and talent development, ensuring that we meet the highest ESG standards. We highlight our commitment to sustainability, with the goal of reducing our total carbon footprint by 40% and increasing the number of women in the first levels of management by 33%.
Looking to the future
Arteche is well positioned to take advantage of the opportunities in the global energy market. With a clear focus on technological innovation and geographic expansion, especially in regions such as North America and Asia-Pacific, we are prepared to lead the energy transition.
With planned investments of 60 million euros in the period 2024-2026, we are confident that we can continue to generate value for our shareholders and contribute positively to the energy sector.
The future of Arteche is promising, and therefore, the interest of investors in the project that our company represents is increasing. We will continue to move forward, trusting in the work and consolidated experience, driven by a clear strategy and a firm commitment. And thanking our shareholders for their trust and continued support on this exciting journey.