Brief: Alternus Energy Group Q1 Revenue Down At $4.8 Mln

Alternus Energy

29/06/2023 06:18

June 29 (Reuters) - Alternus Energy Group PLC  ALTA.OL :
    * Q1 POWER PRODUCTION DECREASED BY 15% TO 25.8 MWH DUE PRIMARILY TO WEATHER VARIANCES
YEAR-ON-YEAR
    * Q1 REVENUE DECREASED BY $0.4 MILLION (8%) TO $4.8 MILLION
    * Q1 MODESTLY NEGATIVE EBITDA OF $.09 MILLION DOWN FROM POSITIVE OF $1.9 MILLION IN 2022,
REFLECTING LOWER GROSS MARGINS IN PERIOD
    * ANTICIPATES CLOSING OF BUSINESS COMBINATION WITH CLEAN EARTH IN Q3
    * EXPECTS TO BRING 156MWP OF OUR 582MWP DEVELOPMENT PORTFOLIO INTO CONSTRUCTION AND
OPERATION
DURING 2024

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