Copenhagen, 11 November 2015
Stable trend in financials for Q1-Q3 2015
- 2% decrease in revenue to EUR 41.3M
- 4% decrease in EBITDA to EUR 22.3M*
- 2% decrease in revenue to EUR 51.1M, including revenue from associates
- 4% decrease in EBITDA to EUR 29.4M, including EBITDA from associates
* Adjusted for Income from Associates
Stable production trend in Q1-Q3 period despite poor wind conditions in Q3 2015
- -2% in total net production in Q1-Q3 2015 vs last year: 291 GWh
- +2% in actual wind production vs. estimates
- +2% in actual solar production vs. estimates
Events occurred after 30 September 2015
- In November 2015, as anticipated in the Annual Report 2014, Greentech officially filed a request for arbitration against the Kingdom of Spain pursuant the Energy Charter Treaty
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech has delivered a stable performance over the period despite weak wind conditions in Italy and Spain.
Without the Environment business, the net result would have been EUR 1.4M and the cash flow generation would have been EUR 3.7M.”
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
