Brief: Photon Energy Prelim. FY Ebitda At EUR 8.7 Mln

Photon Energy NV

12/02/2025 06:15

Feb 12 (Reuters) - Photon Energy  PENP.WA :
    * REPORTED ON TUESDAY PRELIMINARY FINANCIAL RESULTS FOR Q4
2024
AND FY 2024
    * PRELIMINARY FY EBITDA AT EUR 8.7 MLN
    * PRELIMINARY FY REVENUES AT EUR 89.2 MLN
    * LOWER THAN EXPECTED RESULTS DUE TO EUR 0.9M REVERSAL OF A
Q2
GAIN FROM THE SALE OF A 20.4 MW SOLAR PROJECT IN POLAND,
POSTPONED TO 2025
    * LOWER THAN EXPECTED RESULTS DUE TO EUR 0.25 MLN OF
HIGHER-THAN-EXPECTED COSTS RELATED TO RESTRUCTURING AND
SEVERANCE PAYMENTS
    * LOWER THAN EXPECTED RESULTS DUE TO EUR 0.3 MLN OF
WRITE-OFFS
RESULTING FROM A BALANCE SHEET REVIEW AND THE CLEARANCE OF OLD
WORKING CAPITAL POSITIONS 

        
 Source text:  urn:newsml:reuters.com:*:nEM1h0WNra
 Further company coverage:  PENP.WA  

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