ENERTIME : published a first half year result 2018 with strong improvement compared to first half year 2017
September 11, 2018 at 10:12 pm IST
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Enertime published its results for the first half-year 2018 with strong improvement compared to the first half-year 2017 and particularly :
A slight decrease in turnover compared to the first half-year 2017 with a gross margin improvement of 28 points to 58.3% of the activity, in line with the evolution of the economic model
A reduction of the operating losses by a factor of 7 and a net loss divided by 10 compared to Half-Year 2017
A strengthened financial structure with net equity of 2,4 M € as of end of June 2018
A reorganization that is completed and preserve the Company's ability to innovate
The complete Press Release is available here
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Enertime SA published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 16:41:03 UTC
Enertime specializes in the design, development and implementation of Organic Rankine Cycle (ORC) machines and high temperature Heat Pumps for industrial energy efficiency and decentralized production of renewable energy. ORC machines transform heat into electricity and Heat Pumps value
low temperature heat to produce heat at higher temperatures.
Enertime is the only actor in the world offering ORC machines and a portfolio of other technologies in the field of thermodynamics applied to the energy transition. For ORC Technology it is one of the four major global players and the only French Company mastering this technology of high-power machines (1 MW and more).