Brief: Photon Energy Regulatory Changes In Czech Republic And Slovakia To Impact Group's Portfolio Of PV Power Plants

Photon Energy NV

29/09/2021 16:47

Sept 29 (Reuters) - Photon Energy NV  PENP.WA :
    * REGULATORY CHANGES IN CZECH REPUBLIC AND SLOVAKIA WILL
HAVE
IMPACT ON GROUP'S PROPRIETARY PORTFOLIO OF PV POWER PLANTS IN
BOTH COUNTRIES STARTING 2022
    * COMPANY EXPECTS NEGATIVE IMPACT ON VALUATION OF CZECH AND
SLOVAK
PV POWER PLANTS ACCORDING TO IAS 16 OF UP TO EUR 4.0 MILLION
    * CONSOLIDATED REVENUES FROM CZECH PV PORTFOLIO WILL NOT BE
IMPACTED BY INCREASED SOLAR LEVY WHILE (AT CONSTANT PRODUCTION)
EBITDA WOULD BE LOWER BY UP TO EUR 1 MILLION IN 2022
    * THAT FOR SLOVAK PV POWER PORTFOLIO, ADJUSTED
FEED-IN-TARIFFS MAY
LEAD TO REDUCED CONSOLIDATED REVENUES AND EBITDA OF UP TO EUR 1
MILLION IN 2022

Source text for Eikon:  ID:nEM57FMKla 
Further company coverage:  PENP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))