Copenhagen, 3 August 2016
Positive trend in financials for H1 2016
- Profit year to date 2016
- 6% decrease in revenue to EUR 25.3M
- 7% increase in EBITDA to EUR 19.2M*
-
6% increase in EBITDA to EUR 24.7M, including EBITDA from associates
*Adjusted for income from Associates/ Excluding Special Items
Positive trend in the production performance compared to estimates in H1 2016
- 56% of the total expected annual net production has been already generated in H1 2016
- +3% in total net production in H1 2016 vs H1 2015: 217 GWh
- +6% in actual wind production vs. estimates
- +2% in actual solar production vs. estimates
Events occurred after 30 June 2016
- On 26 July 2016, Greentech signed an agreement for the acquisition of the remaining stake (50%) of La Castilleja solar plant (9.8MW) from its co-shareholder Foresight Group
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech has delivered a good performance over H1 2016, due to favourable wind conditions especially in Southern Europe and despite a decrease in energy price. Regarding the acquisition of La Castilleja solar plant, which was negatively affected by the cut in the Spanish incentive scheme in 2013, the price is accretive to Greentech and the full ownership would give us the opportunity to focus our operating efforts and resources, as to recover some additional value from this asset”.
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
