(Alliance News) - eVISO Spa on Tuesday released data provided by the Integrated Information System -- the public body that manages information flows related to the electricity and gas markets -- on the annual power and GAS consumption volumes of the user base subscribed to eVISO in May.

Specifically, the total power volumes under management coupled with eVISO amounted to 1,205 GWh, up by an additional 16 percent from the December 11, 2023 disclosure.

In detail, annual power consumption volumes related to direct customers coupled with eVISO as of May are 395 GWh, up 23 percent from the figure reported in December and up 4 percent from the figure reported in February 2024, an all-time high for eVISO, equivalent to annual revenues of more than EUR90 million.

In contrast, the annual electricity consumption volumes of current Reseller channel customers and subscribers to eVISO in May were 810 GWh and up 12% from the figure of 720 GWh reported in December 2023, equivalent to annual sales in excess of EUR170 million.

In addition, the annual consumption volumes of GAS coupled with eVISO in May amounted to 5.5 million cubic meters, up 10 percent from the figure reported in March and equivalent to an annual turnover of more than EUR4 million.

Gianfranco Sorasio, chief executive officer of eVISO, said, "The numbers for the volumes of electricity supply to resellers and direct customers under management alone in May indicate, for the 2024/2025 financial year in which we expect them to be fully operational, a volume in excess of 1,200 GWh, up 16 percent from the volumes matched in December 2023. The increase in energy volumes on the one hand and the trend reduction in the cost of energy on the other create an environment in which eVISO can simultaneously increase both the first margin and the cash position."

Lucia Fracassi, general manager of eVISO, added, "We are very pleased with the results achieved. eVISO's technology-based business model has demonstrated the ability to scale and bring value to our customers. The increases recorded are confirmation of the great teamwork that involved not only our Sales but also all support services."

eVISO's stock is down 0.8 percent at EUR5.26 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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