Interim Financial Report - H1 2020

Udgivet den 04-08-2020  |  kl. 06:50  |  

 Copenhagen, 4 August 2020

Improved Financials for H1 2020

Revenue lower than H1 2019 (EUR 0.1M vs EUR 0.3M)EBITDA of EUR -2.0M (EUR -3.2M in H1 2019)

 Impairment of assets

Loss of EUR 1.9M of Discontinued operations

 Revised Outlook for 2020

EBITDA and net result are expected in the range EUR -4.5M - EUR -5.5M against previously EUR -3.0M - EUR -4.0M

 Events occurred after 30 June 2020

Francesco Vittori was appointed CEO as per 1 August 2020, while continuing as CFO and consequently constituting the Management of the Group (see Company Announcement No.10/2020)

 Negative production trend in H1 2020 mainly due to poor wind conditions

-29% in total net production in H1 2020 vs. H1 2019: 31 GWh -37% in actual wind production vs. estimatesActual solar production in line with estimates

Attachment

Interim Report_H1_2020

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Udgivet af: NPinvestordk

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