Interim Financial Report – Half Year 2014

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| Source: Greentech Energy Systems A/S
multilang-release

Copenhagen, 6 August 2014

 

Stable trend in financials for H1 2014

  • Moderate loss year to date 2014
  • 13% decrease in revenue to EUR 28.9M
  • 19% decrease in EBITDA to EUR 16.3M*
  • 15% decrease in revenue to EUR 35.9M, including revenue from associates
  • 22% decrease in EBITDA to EUR 21.4M, including EBITDA from associates

    * Adjusted for Income from Associates


Positive trend in the production performance compared to estimates in H1 2014

  • +6% in actual wind production vs. estimates
  • +2% in actual solar production vs. estimates
  • More than 50% of the total expected annual net production has been already generated in H1 2014

 

Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:


Greentech has delivered the expected performance for this quarter despite the less favourable weather conditions compared to H1 2013. The lowering trend in the Italian energy price has negatively affected the financials. Nevertheless, the plants are running well and the Management is continuously seeking to improve the overall profitability of the Company.”

 

Contact:

Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71

Sigieri Diaz della Vittoria Pallavicini, CEO, Tel: +45 33 36 42 02