Brief: Edisun Power Europe FY Net Profit At CHF 3.29 Mln

Edisun Power Europe AG

26/03/2021 06:08

March 26 (Reuters) - EDISUN POWER EUROPE AG  ESUN.S :
    * FY EBITDA REDUCTION OF 16% TO CHF 8.70 MILLION
    * FY NET PROFIT REDUCTION OF 8% TO CHF 3.29 MILLION
    * STABLE DIVIDEND OF CHF 1.10/SHARE PROPOSED
    * FY REVENUE REDUCTION OF 13% TO CHF 12.37 MILLION (-10% IN
LOCAL
CURRENCY)
    * FOUR PORTUGUESE PLANTS ARE CURRENTLY NOT EXPECTED TO BE
CONNECTED TO NETWORK UNTIL 2022 DUE TO DELAYS WITH CONSTRUCTION
PERMIT PROCEDURE
    * NET RESULT FOR CURRENT YEAR OF CHF 3.7 MILLION ON BASIS OF
SLIGHTLY HIGHER ELECTRICITY PRICES, ADDITIONAL REVENUE FROM NEW
MOGADOURO PLANT AND CURRENT EURO EXCHANGE RATE

Source text for Eikon:  ID:nEQ9X9LQ0a 
Further company coverage:  ESUN.S 

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