UPERGY SA (FR:ALUPG) has released an update.
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UPERGY SA, a key player in the energy solutions and battery distribution market, reported a first-half 2024 revenue of €22.12 million, marking a slight 3.6% decline from the previous year. Despite a challenging economic climate, the company saw a gross margin increase of 6.8% to 46%, and a net income growth of 56.9% to €0.53 million, due to effective product portfolio management and cost controls. However, the outlook for the remainder of the year remains cautious, with expected stable revenue and an emphasis on controlling fixed costs.
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