The FY21 results came in below our expectations as Covid-19 dragged on mobility thus limiting oil & gas activities, although the strong start to the year confirms that the recovery is ongoing. As investments ramp up, the company has announced a c. €4m recap, split between debt conversion and an equity increase. The latter should be enough to sustain research & development activities in renewables for both the new floater and the telescopic arm for offshore wind inspection.
03 May 2022
FY21: recap as investments accelerate in renewables
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FY21: recap as investments accelerate in renewables
Dolfines SA (ALDOL:PAR) | 0 0 0.0% | Mkt Cap: 7.69m
- Published:
03 May 2022 -
Author:
Kevin VO -
Pages:
2
The FY21 results came in below our expectations as Covid-19 dragged on mobility thus limiting oil & gas activities, although the strong start to the year confirms that the recovery is ongoing. As investments ramp up, the company has announced a c. €4m recap, split between debt conversion and an equity increase. The latter should be enough to sustain research & development activities in renewables for both the new floater and the telescopic arm for offshore wind inspection.