Brief: Photon Energy Says Revenues For 2022 Are Expected To Increase To EUR 65.0 Mln

Photon Energy NV

19/04/2022 08:02

April 19 (Reuters) - Photon Energy NV  PENP.WA :
    * SEES CONTINUED GROWTH IN 2022 ACROSS ITS OPERATING
SEGMENTS AND
PROVIDES 2022 CONSOLIDATED REVENUE AND EBITDA GUIDANCE
    * CONSOLIDATED REVENUES FOR 2022 ARE EXPECTED TO INCREASE TO
EUR
65.0 MILLION FROM EUR 36.4 MILLION IN 2021
    * SEES AN INCREASE OF EBITDA IN 2022 TO EUR 18.0 MILLION
FROM EUR
9.6 MILLION IN 2021(+87.8% YOY)
    * REVENUES FROM SALE OF ELECTRICITY GENERATED BY GROUP'S
GROWING
PORTFOLIO WILL BENEFIT FROM HIGH ELECTRICITY PRICES EXPERIENCED
GLOBALLY
    * GROUP'S PV COMPONENT TRADING BUSINESS DISTRIBUTING
MODULES,
INVERTERS AND BATTERIES IS EXPECTED TO EXPERIENCE VERY DYNAMIC
GROWTH IN 2022
    * INFORMS OF LATEST ADDITIONS TO COMPANY'S PROPRIETARY
PORTFOLIO -
TWO LARGE-SCALE PV POWER PLANTS IN AUSTRALIA WITH A COMBINED
CAPACITY OF 14.6 MWP AND A 1.4 MWP PLANT IN HUNGARY
    * SAYS MARKET INTEREST IN GROUP'S EPC REVENUES COMBINED WITH
SIGNIFICANT INTEREST IN 'BEHIND--METER' PV INSTALLATIONS FOR
INDUSTRIAL CUSTOMERS AND OFF TAKERS ARE ANTICIPATED TO INCREASE
OTHER REVENUE STREAMS

Source text for Eikon:  ID:nEM4Gh4hMa 
Further company coverage:  PENP.WA 

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