IPO and Growth Metrics for Factorenergia in 2022–2023
Factorenergia reported net profit of 34 million euros in 2022 alongside record revenue of 915 million euros, a rise of 43% from 2021. The surge is linked to an active acquisition strategy, price adjustments, and the securing of long-term contracts. The company’s leadership notes that stronger margins and renewed profitability stem from a growing customer base, strategic pricing, and the signing of gas purchase agreements and long-term electricity procurement deals with wind and solar projects. This analysis comes from the management report and has been highlighted by Expansión.
The group, founded by Emili Rousaud, emphasizes that the year 2022 brought a substantial rebound in activity and profitability. The increase in customers by 13% and the execution of gas and power PPAs with wind and photovoltaic producers are key drivers, as reported by Expansión.
During 2022, Factorenergia reached a record 915 million euros in revenue, up from 639 million euros the prior year. The company lists several segments for this growth: small producers contributing 259 million euros, gas sales 170 million euros, and photovoltaics totaling 5.8 million euros. The bulk of electricity marketing, 479 million euros, represents the core business. Geographically, the majority of electricity and gas commercialization occurred in Spain with 606 million euros and Portugal contributing 44 million euros.
In statements to media outlets, Rousaud indicated that 2023 is expected to surpass the previous year. The ongoing internationalization strategy and promising results from the Portuguese and Mexican subsidiaries are seen as important contributors. Additionally, subsidiaries in Bulgaria and Chile are beginning to acquire their first customers, signaling further expansion.
IPO
Regarding the potential IPO, Factorenergia’s CEO confirmed that a decision could be reached in 2024 when market conditions are favorable and sector uncertainty has diminished.
The group remains committed to innovation and transformation projects. In September, it introduced CreaEnergia, a digitally native company that offers 100% renewable, certified green energy rates and leverages artificial intelligence to streamline customer acquisition and contracting processes.