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A new project to turn around the Group’s business

  • Effective governance and a tight Steering Committee

  • New financing under study

  • A strategic plan being finalized

Ormes, November 10, 2023, 8 a.m.

Vincent de Mauny, Managing Director of Vergnet, presented this Thursday, November 9, his roadmap for the coming months. Since his appointment at the end of July 2023 and after an inventory of the situation (complex governance history, less efficient operating model, degraded financial structure and loss of stakeholder confidence), he has taken initial measures such as the launch a complete audit (currently being finalized) and the establishment of new governance, with a stated desire to quickly turn the situation around.

Management has identified three priority areas which should form the basis of Vergnet’s future strategic plan:

  1. Implementation of tighter and transparent governance

  2. Realign Vergnet’s structures and resources to meet the Group’s needs

  3. Set strategic and tactical priorities by geographic areas of activity

Building on these strengths, Vergnet’s undeniable know-how, and a certain desire to restore panache, growth and profitability to the company, management is studying new means of financing to carry out its developments.

About Vergnet SA

The Vergnet group, “virtuous creator of energy independence since 1989”, has never stopped since its inception to allow its customers to control their energy production, despite difficult and even extreme geographical and climatic conditions.

Expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks and with unique technologies, the Group has developed the Hybrid Wizard, a hybrid system controlling in real time the share of renewable energies injected into the electrical network by guaranteeing safety and operating security for island or isolated networks.

The Group has already installed 1,000 wind turbines and 402 MW of all energies combined. It is present in more than 50 countries and brings together 200 employees in 11 locations.

Vergnet has been listed on Euronext Growth since June 12, 2007. (FR001400JXA2- ALVER)

The Vergnet share is eligible for the PEA-PME


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