Brief: Edisun Power Europe FY EBITDA Up At CHF 10.3 Million
26/03/2020 16:39
March 26 (Reuters) - EDISUN POWER EUROPE AG ESUN.S :
* FY SALES GROWTH FROM 3% TO CHF 14.26 MILLION
* FY EBITDA INCREASED BY 1% TO CHF 10.34 MILLION - NET
PROFIT
INCREASED BY 18% TO CHF 3.60 MILLION
* DIVIDEND INCREASE FROM CAPITAL CONTRIBUTION RESERVES BY
10% TO
CHF 1.10
* DUE MEASURES TO COMBAT THE CORONA VIRUS, SHAREHOLDERS MUST
MANDATE INDEPENDENT PROXY TO REPRESENT THEIR RIGHTS IN ORDER TO
EXERCISE SHAREHOLDER RIGHTS
* DECIDED TO HOLD THE ORDINARY GENERAL MEETING OF
SHAREHOLDERS ON
THE PLANNED DATE, APRIL 24, 2020
* OUTLOOK FOR 2020: FROM A FINANCIAL PERSPECTIVE, THE
CURRENT YEAR
WILL BE A TRANSITION YEAR
* ALTHOUGH THE PLANTS PRODUCE NORMALLY, LOWER ELECTRICITY
PRICES
CAN BE EXPECTED IN SPAIN AND ITALY DUE TO THE CORONAVIRUS
PANDEMIC IN 2020
* DELAYS IN THE COMPLETION OF NEW PROJECTS IN PORTUGAL
CANNOT BE
RULED OUT
* GRID CONNECTION OF THE FIRST PORTUGUESE PROJECT IS
EXPECTED
TOWARDS THE END OF THE YEAR
* OTHER FOUR PROJECTS ARE EXPECTED TO BE COMPLETED IN 2021
* EXPECTS THE CURRENT EURO EXCHANGE RATE TO RESULT IN A NET
RESULT
OF CHF 2.8 MILLION FOR THE CURRENT FINANCIAL YEAR 2020
* THE GROUP'S TAX BURDEN WILL CONTINUE TO INCREASE IN 2020
Source text for Eikon: ID:nEQ6wmWDja
Further company coverage: ESUN.S
(Gdansk Newsroom)
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