News

Today March 17,2023 Cenergy Holdings successfully presented its 2022 financial results to the Hellenic Fund and Asset Management Association at the Athens Stock Exchange premises.

Alexis Alexiou, CEO of Cenergy Holdings mentioned: “The strong results achieved were the outcome of the increased activity across all production lines in the cables segment and a significantly improved output in the steel pipes one. As a global energy’s solutions provider, committed to an ambitious and solid strategy, we aim to continually contribute to energy transition”.

Alexandros Benos, CFO of Cenergy Holdings highlighted the milestones of 2022 by emphasizing that people are the driving force behind Cenergy Holdings achievements.

• Revenue reaches EUR 1.43 billion (35% growth y-o-y).
• Operational profitability hits record-high levels with a-EBITDA at EUR 137 million (31% growth y-o-y) pushed by the strong momentum in the cables segment and the turnaround in the steel pipes segment.
• The order backlog breaks the EUR 2 billion barrier as of 31 December 2022, driven by significant order intakes in both segments throughout the year.
• Consolidated profit before tax reaches EUR 70 million versus 30.5 million in 2021.
• Proposal of the Board of Directors to the Ordinary General Shareholders’ meeting for the approval of a gross dividend of EUR 0.05 per share for the first time in Company’s history.