Sogin, the shareholders' meeting approves the 2023 budget

Sogin's financial statements for 2023 close with a profit of 1.2 million euros in a year of particular complexity from various points of view

ROME – The Sogin Shareholders' Meeting on 5 September approved the Group Financial Statements as of 31 December 2023;this is the first budget of the Board of Directors which took office on 3 August 2023, led by President Carlo Massagli and the CEO Gian Luca Artizzu.
Sogin's financial statements close with a profit of 1.2 million euros (in 2022 the profit was equal to 0.9 million euros);the value of production stands at approximately 212.9 million euros, a decrease compared to the approximately 276.9 million euros achieved in 2022 which, however, presented an exceptional and non-recurring figure due to the activities related to the management of the Fuel Cycle .EBITDA stands at approximately 19.1 million euros (in 2022 equal to 21.8 million euros).

Nucleco, the Group's subsidiary company, also closes with a profit of 2.4 million euros (-0.51 million in 2022) and the value of production is equal to approximately 39.8 million euros, an increase compared to the previous year (30.5 million in 2022).The overall company results therefore see the Sogin Group return to operating profit of 3.6 million euros compared to the loss of 0.926 million euros in the previous year.EBITDA went from 22.75 million euros to 25.44 with an increase of approximately 11.8% and EBIT, negative in the 2022 financial year, equal to -168 thousand euros, returns to positive at 2, 59 million euros.
In 2023 Sogin achieved a volume of nuclear decommissioning activities (progress costs) equal to approximately 104.5 million euros, an increase compared to 2022 of approximately 18%, while the cumulative physical progress as of 31 December 2023 of the nuclear decommissioning passes to 43.36%, advancing by 3.98 percentage points compared to 2022.

2023 was a year of particular complexity, for a set of facts relating to the sector, on the one hand, and, on the other, internal to the Company which has experienced a governance change and a consequent one organizational review.As regards the sector in which Sogin operates, there has been an important recovery in public interest in civil nuclear power, as a result of the energy scenarios dictated by the international energy agenda and thanks to a series of political initiatives to which have been added initiatives from of private associations of supporters and experts on the topic, to which Sogin contributes to represent the value of technical skills that can naturally be put at the service of this renewed interest in the sector.

As regards the activities linked to the National Radioactive Waste Repository and the Technology Park (DNPT), after the delivery to the Ministry of the Environment and Energy Security, in July 2023, of the proposal for the National Charter of Areas Suitable for the location of the DNPT, it is followed, in December 2023, by the publication of the list of Eligible Areas with consequent publication, in February 2024, of the decree introducing the possibility of self-nominations.Furthermore, in the previous months, Legislative Decree no. 181/2023 required Sogin to prepare a direct incentive program for the benefit of the communities hosting the DNPT.