Integrated Wind Solutions Triumphs in Q2 with Revenue Surge

Integrated Wind Solutions AS (DE:9UG) has released an update.

Integrated Wind Solutions ASA (IWS) reports a substantial increase in Q2 2024 revenues to EUR 12.6m, marking a 133% rise from Q1 and a 143% year-over-year growth, alongside a positive EBITDA of EUR 1.6m and a net profit of EUR 0.6m. Two vessels contributed significantly to this growth, while the company also finalized a strategic partnership with Sumitomo Corporation, raising EUR 60m in equity. With an expanded Green Senior Secured Credit Facility secured for its fleet, IWS is poised for continued growth and financial stability.

For further insights into DE:9UG stock, check out TipRanks’ Stock Analysis page.