The company reported that its Earnings Before Taxes, Interest, Depreciation, and Amortization (EBITDA) increased by 16.8%, reaching 12 million euros. Management stated that this financial performance underpins plans for future investments aimed at developing and strengthening the water supply and wastewater infrastructure. The company highlighted that the first half of the year was deemed financially sustainable, establishing a solid foundation for increased capital expenditure in subsequent periods.
This positive revenue trend is attributed to increased sales across both drinking water supply and wastewater treatment services. While the financial results are strong, the organization also announced several operational adjustments. These changes include workforce reductions in Lithuania and restructuring within associated facilities, such as a hotel and restaurant unit operating for nearly three decades.
Overall, the company remains committed to its core infrastructure mandate. The strong revenue generation from its essential services provides the necessary backing to continue its development trajectory. These financial metrics suggest a stable operational footing, positioning the company for continued growth and necessary investment in its critical utility services.
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