Copenhagen, 14 May 2014
Stable trend in financials for Q1 2014
- Profit year to date 2014
- 11% decrease in revenue to EUR 14.4M for 2014
- 15% decrease in EBITDA to EUR 8.4M*
- 12% decrease in revenue to EUR 18.1M for 2014, including revenue from associates
- 14% decrease in EBITDA to EUR 11.3M for 2014, including EBITDA from associates
*Adjusted for Income from Associates
Positive trend in the production performance
- More than 1/3 of the total expected annual net production has been already generated in Q1 2014
- Actual wind production vs. estimates: +14% in Q1 2014
- Actual solar production vs. estimates: + 1% in Q1 2014
Events occurred after 31 March 2014
- At the Annual General Meeting held on 15 April 2014,Mrs. Michèle Bellon was elected as new member to the Board of Directors
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech has delivered the expected performance for this quarter, despite less favourable weather conditions and lowering energy prices in Italy. This confirms that all businesses are stabilized, which allows the organization to continuously seek for opportunities in external growth.”
Contact:
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71
Sigieri Diaz della Vittoria Pallavicini, CEO, Tel: +45 33 36 42 02
