Cenergy’s new plant in Maryland, USA is under construction. CFO Alexandros Benos recently updated analysts on the project, noting that groundwork is progressing well and production line equipment has been ordered. Construction is set to begin in the latter half of the year, contingent upon appointing a main contractor soon.
OPTIMISTIC OUTLOOK ON BACKLOG AND MARKET TRENDS
Benos expressed confidence in the growing backlog, attributed to increased orders and rising demand for the company’s products. The market demand in the U.S. and Scandinavia alone is projected to exceed €9 billion.
Looking ahead to 2025, guidance remains positive, with expectations for robust sales growth and enhanced profitability. Analysts have reported strong quarterly results, highlighting a significant rise across all areas.
Author: Ioanna Dragona
Add to favoritesNo tags for this post.