Mar 5 β€’ 07:46 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Cenergy Holdings: Strong order backlog of 3.4 billion euros

Cenergy Holdings is leveraging a strong unexecuted order backlog of 3.4 billion euros to support its development prospects for 2026 and beyond, including plans for a new cable factory in the USA.

Cenergy Holdings has reported a robust order backlog amounting to 3.4 billion euros, which is pivotal for its development outlook for the upcoming years, particularly 2026. The company is currently executing significant investments, prominently including the construction of a new cable factory in the USA. Management has highlighted that with a strong unexecuted order backlog and expanded production capabilities, the company is poised to advance to the next phase of its growth strategy.

Cenergy Holdings is optimistic about its financial trajectory, projecting adjusted EBITDA for the fiscal year 2026 to range between 370 and 400 million euros. This forecast reflects the company’s confidence in its operational capability and commitment to effectively implement ongoing projects. The strong backlog ensures that the company has a solid pipeline to capitalize on in the near future, signaling a positive outlook for stakeholders.

Additionally, the management plans to propose a gross dividend of 0.26 euros per share during the upcoming general assembly set for May 26, 2026, marking an 86% increase from the previous year. This proposed dividend reflects Cenergy's strong performance and financial health, aiming to enhance shareholder satisfaction amid its expansion plans and positive market stance.

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