{"id":16386,"date":"2023-04-17T09:34:42","date_gmt":"2023-04-17T07:34:42","guid":{"rendered":"https:\/\/integrae.it\/?p=16386"},"modified":"2023-04-17T09:34:43","modified_gmt":"2023-04-17T07:34:43","slug":"breaking-news-17-04-2023","status":"publish","type":"post","link":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/","title":{"rendered":"BREAKING NEWS – 17.04.2023"},"content":{"rendered":"\n
In the press release of 21 March 2023, Frendy Energy, a company active in Italy in the production of electricity from mini-hydro plants, listed on Euronext Growth Milan, announced the approval by the Board of Directors of the results as of 31 December 2022.

During the 2022 fiscal year, the Company generated:
Sales Revenues of \u20ac 1.21 million, compared to \u20ac 2.11 million in 2021;
EBITDA of \u20ac 0.13 million, compared to \u20ac 1.10 million in 2021;
EBIT equal to \u20ac – 4.47 million, compared to \u20ac 0.32 million as of December 2021;
Net Income of \u20ac – 3.34 million, compared to \u20ac 0.23 million in the same period of the last year;
NFP improved from \u20ac 1.06 million cash positive in FY21A to \u20ac 1.51 million cash positive in FY22A.
It should be noted that the decrease in Revenues, recorded in the 2022 fiscal year, was determined by the scarcity of water resources due to the extreme drought that affected all of northern Italy during the year, leading to a reduction in electricity production of 44.0% compared to 2021 (from 10 GWh to 5.6 GWh).\u00a0

EBIT, following gross depreciation of approximately \u20ac 3.80 million, the result of the reconsideration of the expected production of the plants included in the impairment test that showed a loss in the value of the Group\u2019s assets, amounted to \u20ac – 4.47 million in FY22A (\u20ac 0.32 million in FY21A).

In terms of the Balance Sheet, however, it should be noted that the improvement in Frendy Energy\u2019s FY22A NFP, compared to FY21A, is mainly attributable to working capital movements.
\u00a0
Based on what has been communicated and while waiting to learning about the future evolution of the Company and its growth prospects,\u00a0we leave our target price, our recommendation and our level of risk to Under Review (U\/R).<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

In the press release of 21 March 2023, Frendy Energy, a company active in Italy in the production of electricity from mini-hydro plants, listed on Euronext Growth Milan, announced the approval by the Board<\/p>\n","protected":false},"author":5,"featured_media":11491,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[240,252],"tags":[228],"class_list":["post-16386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","category-breaking-news-en","tag-frendy-energy-en"],"acf":[],"yoast_head":"\nBREAKING NEWS - 17.04.2023 - integrae.it \u2013 Financial Boutique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING NEWS - 17.04.2023 - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"In the press release of 21 March 2023, Frendy Energy, a company active in Italy in the production of electricity from mini-hydro plants, listed on Euronext Growth Milan, announced the approval by the Board\" \/>\n<meta property=\"og:url\" content=\"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-17T07:34:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-17T07:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/frendy-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amministratore integrae\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BREAKING NEWS - 17.04.2023 - integrae.it \u2013 Financial Boutique","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/","og_locale":"en_US","og_type":"article","og_title":"BREAKING NEWS - 17.04.2023 - integrae.it \u2013 Financial Boutique","og_description":"In the press release of 21 March 2023, Frendy Energy, a company active in Italy in the production of electricity from mini-hydro plants, listed on Euronext Growth Milan, announced the approval by the Board","og_url":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/","og_site_name":"integrae.it \u2013 Financial Boutique","article_published_time":"2023-04-17T07:34:42+00:00","article_modified_time":"2023-04-17T07:34:43+00:00","og_image":[{"width":400,"height":400,"url":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/frendy-energy.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"amministratore integrae","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/integrae.it\/en\/#website","url":"https:\/\/integrae.it\/en\/","name":"integrae.it \u2013 Financial Boutique","description":"CORPORATE FINANCE EQUITY RESEARCH EQUITY SALES & TRADING","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/integrae.it\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/#primaryimage","url":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/frendy-energy.jpg","contentUrl":"https:\/\/integrae.it\/wp-content\/uploads\/2021\/03\/frendy-energy.jpg","width":400,"height":400},{"@type":"WebPage","@id":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/#webpage","url":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/","name":"BREAKING NEWS - 17.04.2023 - integrae.it \u2013 Financial Boutique","isPartOf":{"@id":"https:\/\/integrae.it\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/#primaryimage"},"datePublished":"2023-04-17T07:34:42+00:00","dateModified":"2023-04-17T07:34:43+00:00","author":{"@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/ff4803b14289cbd9d1c029003956aa7e"},"breadcrumb":{"@id":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"BREAKING NEWS – 17.04.2023"}]},{"@type":"Person","@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/ff4803b14289cbd9d1c029003956aa7e","name":"amministratore integrae","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/integrae.it\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8bfcd102ed022191bffee6f9b0482ddd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8bfcd102ed022191bffee6f9b0482ddd?s=96&d=mm&r=g","caption":"amministratore integrae"},"sameAs":["https:\/\/www.integrae.it"],"url":"https:\/\/integrae.it\/en\/author\/amministratore_integrae\/"}]}},"_links":{"self":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/16386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/comments?post=16386"}],"version-history":[{"count":1,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/16386\/revisions"}],"predecessor-version":[{"id":16387,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/posts\/16386\/revisions\/16387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/media\/11491"}],"wp:attachment":[{"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/media?parent=16386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/categories?post=16386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/integrae.it\/en\/wp-json\/wp\/v2\/tags?post=16386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}