Shares of Asta Energy Solutions AG rose about 8% on Thursday after the company reported a 54.2% increase in first-half adjusted EBITDA to €37.0 million, driven by higher margins and sales volumes across Europe, America and Asia.
Net sales climbed 22.2% to €435.8 million, while net profit surged 125% to €22.5 million from €10.0 million a year earlier. The company attributed the growth to surging demand for components used in global energy infrastructure, particularly power transformers.
Asta Energy raised its full-year adjusted EBITDA guidance to a range of €60 million to €64 million on August 18, up from the prior €55 million to €59 million range. The upward revision reflects the company’s view that demand will remain robust amid the global expansion of power grids and increasing integration of renewable energies.
The company noted that demand is being supported by investments in electrification across its core markets. Asta Energy said in a statement that demand for power transformers is being driven by grid expansion and renewable energy integration, signaling continued support for infrastructure-related spending in the second half of the year.
