Brief: Raen To Make Write-Downs After Unit Updates Revenue Estimates

Grupa Virtus SA

11/09/2025 06:47

Sept 11 (Reuters) - Raen SA RAE.WA:

SAID ON WEDNESDAY UNIT RAEN SP. Z O.O. HAS CUT 2023-2024 ESTIMATED REVENUES BY A TOTAL OF PLN 4.75 MILLION

DECISION DUE TO FALLING PROJECT PROFITABILITY AND LONGER PERMIT PROCESSES IN POLISH RENEWABLE ENERGY SECTOR

REVENUE ESTIMATE CHANGE TO LOWER H1 2025 CONSOLIDATED RESULT BY THE SAME AMOUNT

IT HAS ALSO IDENTIFIED NEED FOR IMPAIRMENT WRITE-DOWNS ON FINANCIAL ASSETS

WRITE-DOWN TO COVER 100% STAKE IN RAEN SP. Z O.O. WORTH PLN 3.62 MILLION, BRINGING CARRYING VALUE TO ZERO

TO ALSO WRITE DOWN 20% STAKE IN SOLAR POLSKA NEW ENERGY BY PLN 91,000 AS ITS PROJECT WAS DEEMED "FAILED"

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 (Gdansk Newsroom)

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