Copenhagen, 13 May 2015
Positive trend in financials for Q1 2015
- Profit year to date 2015
- 6% increase in revenue to EUR 15.3M
- 19% increase in EBITDA to EUR 10.0M*
- 8% increase in revenue to EUR 19.6M, including revenue from associates
- 19% increase in EBITDA to EUR 13.4M, including EBITDA from associates
* Adjusted for Income from Associates
Positive production trend
- 32% of the total expected annual net production has been already generated in Q1 2015
- +7% in total net production in Q1 2015 vs Q1 2014: 128 GWh
- Actual wind production vs. estimates: +18% in Q1 2015
- Actual solar production vs. estimates: +5% in Q1 2015
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech has delivered a good performance over Q1 2015 benefiting from favourable wind conditions in Italy and Germany added to a positive price effect in Spain. The cash flow generation is increasing and the profit for the quarter is significantly higher than last year.”
Contact:
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71
Alessandro Reitelli, CEO, Tel: +45 33 36 42 02
