Brief: Photon Energy Q4 Ebitda Up At Eur 1.21 Mln

Photon Energy NV

15/02/2023 07:11

Feb 15 (Reuters) - Photon Energy NV  PENP.WA :
    * UNAUDITED CONSOLIDATED REVENUES INCREASED TO EUR 26.438
MLN IN
Q4 2022 FROM EUR 11.734 MLN IN Q4 2021 (+125.3% YOY).
    * EBITDA INCREASED TO EUR 1.209 MLN IN Q4 2022 FROM  EUR
1.030 MLN
IN Q4 2021
    * A NET LOSS OF EUR -3.768 MILLION WAS RECORDED IN Q4 2022 
COMPARED TO A EUR -0.991 MILLION LOSS A YEAR AGO.
    * WILL CONTINUE ACTIVELY INVESTING IN NEW PV POWER PLANTS ON
THE
BACK OF ITS PROPRIETARY PROJECT PIPELINE
    * THE GROUP’S PV COMPONENT TRADING BUSINESS, WHICH
DISTRIBUTES
MODULES, INVERTERS AND BATTERIES IS ALSO EXPECTED TO ENJOY VERY
DYNAMIC GROWTH IN 2023.
    * CONSOLIDATED REVENUES FOR 2023 ARE EXPECTED TO INCREASE TO
EUR
150.0 MILLION FROM EUR 94.2 MILLION IN 2022
    * IN 2023 SEES AN INCREASE OF EBITDA TO EUR 29.0 MILLION
FROM EUR
24.1 MILLION IN  2022 (+20.5% YOY)

Source text for Eikon:  ID:nEM6QR6vwa 
Further company coverage:  PENP.WA 
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