Groupe OKwind Doubles Its Revenue in 2023 to €82.5 Million, 2026 Financial Targets Confirmed - Seite 2

The strong growth in revenue has been accompanied by EBITDA above expectations.

Development strategy and outlook

In 2023, Groupe OKwind stepped up its business development across all its business lines. At the same time, as managing the growth of its activity, the Company strengthened its technological leadership with the launch of a new range of trackers with enhanced performance.

Groupe OKwind has also identified and laid the foundations for future growth by diversifying its Offer into new growth markets, in particular in water and sanitation and agrisolar, a market in which the Okwind tracker has recently been recognized as a non-artificializing energy-generating device from a regulatory point of view.

Confirming its strategy for 2024, Groupe Okwind should accelerate its growth drivers by by further diversifying its activities in the industry and local authority segments throughout the country.
Order intake in 2024 will also be better spread geographically.

Backed by a robust business model and recognized positioning, Groupe OKwind confirms all its financial targets to 2026 and is expected to achieve revenues above €110 million by 2024, with a consolidated EBITDA rate of at least 16%.

Next financial publication: 2023 Annual results and Revenue for the 1^st quarter of 2024, on April 23, 2024, after market close.

About Groupe OKwind

Founded in 2009 by Louis Maurice, Chairman and CEO, Groupe OKwind develops solutions for the production and consumption of green energy in short supply chains. Our comprehensive approach, combining energy generation and management, aims to strengthen energy autonomy and thus accelerate the ecological transition. Thanks to its unique technological ecosystem, Groupe OKwind enables self-consumption to assert itself as a new avenue for energy. A solution that can be quickly deployed, managed in real time and at a competitive price, without subsidies. Every day, we work to deploy local, low-carbon, fixed-cost energy for professionals and individuals. In 2023, Groupe OKwind generated consolidated revenue of €82.5 million and today has 213 employees, with more than 3,700 installations throughout France.