Turbo Energy SA (ADR) (OQ:TURB)
Business Focus: Renewable Energy Equipment & Services
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| Company Contact | |
| Address: | Calle Isabel la Catolica 8, Oficinas 50-51 VALENCIA VAL 46004 |
| Tel: | N/A |
| Website: | https://www.turbo-e.com |
| IR: | See website |
| Key People | ||
| Enrique Selva Bellvis Chairman of the Board, Chief Executive Officer | Alejandro Moragues Navarro Chief Financial Officer, Chief Accounting Officer | M. Angeles Narbon Chief Operating Officer |
| Ruben Sousa Chief Technology Officer | Mariano Soria General Manager, Director | Manuel Cercos Chief Commercial Officer | Pablo de La Cuadra Chief Product Officer |
| Business Overview |
| Turbo Energy SA (Turbo Energy) is a Spain-based company involved in the electric power industry. With operations in more than 5 countries, the Company focuses on developing clean and efficient energy solutions through services related to photovoltaic energy production. Turbo Energy is a subsidiary of Umbrella Solar Investment SA. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Turbo Energy SA (ADR) revenues decreased 58% to EUR13.1M. Net loss applicable to common stockholders totaled EUR2M vs. income of EUR1M. Revenues reflect Spain segment decrease of 59% to EUR10.9M, Europe segment decrease of 53% to EUR1.7M. Net loss reflects Selling and administrative - related par increase of 82% to EUR995K (expense), Salaries and benefits increase of 28% to EUR1.1M (expense). |
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