Company Announcement No. 17/2013
Copenhagen, 7 August 2013
Positive trend in financials continues with significant profit improvement
- H1 2013 profit of EUR 4.7M.
- 19% increase in revenue to EUR 42.5M for H1 2013, including revenue from associates
- 33% increase in EBITDA to EUR 27.6M for H1 2013, including EBITDA from associates
Production increase with continuing positive trend in wind conditions
- Total production generated in Q2 2013: 105 GWh (net) – up 14 %
- Total production generated in H1 2013: 237 GWh (net) – up 27 %
- Actual wind production vs. estimates: +16% in H1 2013
- Actual solar production vs. estimates: -1% in H1 2013.
Full-year expectations 2013 maintained
- Net production: 390 – 400 GWh
- Revenue (including associates): EUR 76 – 82M
- EBITDA (including associates): EUR 39.1 – 41.5M
2 new members of the Board of Directors
- At the Annual General Meeting held on 18 April 2013, the Board of Directors was enlarged with two representatives from Pirelli Group and Banca Intesa Sanpaolo Group.
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech is pleased to announce the H1 2013 results which underline the on-going positive financial trend showing a strong profit improvement. With continuing growth in key figures and excellent performance of the Italian wind activities, Greentech confirms the expectations for the full year 2013.”
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
