Copenhagen, 5 August 2015
Positive trend in financials for H1 2015
- Profit year to date 2015
- 4% increase in revenue to EUR 30.1M
- 6% increase in EBITDA to EUR 17.2M*
- 4% increase in revenue to EUR 37.4M, including revenue from associates
- 7% increase in EBITDA to EUR 22.8M, including EBITDA from associates
* Adjusted for Income from Associates
Positive trend in the production performance compared to estimates in H1 2015
- 56% of the total expected annual net production has been already generated in H1 2015
- +3% in total net production in H1 2015 vs H1 2014: 220 GWh
- +7% in actual wind production vs. estimates
- +5% in actual solar production vs. estimates
Events occurred after 30 June 2015
- In July 2015, Greentech sold its 50% stake of the Tiefenthal wind plant to its co-shareholder Nordenergie A/S
- In July 2015, as anticipated in the Annual Report 2014, Greentech officially filed a request for arbitration against the Republic of Italy pursuant the Energy Charter Treaty
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech has delivered a good performance over H1 2015 due to favourable wind conditions in Italy and Germany in addition to a positive price effect in Spain. The implementation of the restructuring plan has benefited both the cash flow generation, which is increasing, and the profit for the quarter, which is significantly higher than the same period of last year.”
Contact:
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71
Alessandro Reitelli, CEO, Tel: +45 33 36 42 02
