Corrected: (OFFICIAL)-BRIEF-Soltec FY Net Result Turns to Loss Of 23.4 Mln Euros YoY (Feb. 28)

Soltec Power Holdings SA

02/04/2024 07:04

(Corrects 2023 figures after company has corrected its
financial statement.)
       April 2 (Reuters) - Soltec Power Holdings SA  SOLPW.MC :
    * SAID ON MONDAY 2023 FINANCIAL STATEMENTS SHOW DIFFERENCE
WITH
RESPECT TO FINANCIAL INFORMATION FOLLOWING A REPORT FROM AUDIT
COMMITTEE ON FEB. 27
    * DIFFERENCE ARISES FROM CHANGE IN AUDITORS' STANDPOINT IN
APPLICATION OF STANDARD IFRS 15 REGARDING RECOGNITION OF
REVENUES AND EXPENSES BOOKED IN 2023 ASSOCIATED WITH BILL AND
HOLD AGREEMENTS RELATED TO 36 CONTRACTS FOR SUPPLY OF SOLAR
TRACKERS
    * FY NET LOSS 23.4 MILLION EUROS VERSUS PROFIT 13.1 MILLION
EUROS
YEAR AGO
    * FY NET REVENUES 394.8 MILLION EUROS VERSUS 568.2 MILLION
EUROS
YEAR AGO
    * FY ADJUSTED EBITDA 10.4 MILLION EUROS VERSUS 32.6 MILLION
EUROS
YEAR AGO
    * BACKLOG OF 663 MILLION EUROS AT END-DEC

        
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