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PHOTON (PEN): Quarterly report for 2018Q4. - raport 3

Photon Energy is today publishing its report for the fourth quarter of 2018, closing a record year in which the Company exceeded the EUR 20 million annual revenue mark for the first time in the Company’s history and equally reported its first ever net profit.

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In 2018 we have managed to continue implementing our growth strategy by expanding our proprietary portfolio by 6.3 MWp in Hungary and another 5.5 MWp slated for grid-connection in 2019Q1, by progressing with our project development activities in Australia and by expanding our O&M and related service businesses. Outstanding electricity production by our proprietary power plant portfolio contributed strongly to our 17.4% revenue growth to a record EUR 20.256 million, while our EBITDA improved by 4.9% to EUR 8.239 million and our EBIT grew by 15.1% to EUR 2.637 million. The most significant improvement occurred at the bottom line with pre-tax profit jumping by 458.5% to EUR 1.934 million and our company turning a previous net loss of EUR 0.807 million into a EUR 0.603 million net profit in 2018. Total comprehensive income advanced by 45.7% to EUR 2.625 million, pushing our consolidated group equity to EUR 29.873 million.

Highlighting the headline numbers in the fourth quarter, we managed to lift our EBITDA and EBIT by 5.6% and by 9.7% respectively, despite lower revenues of EUR 3.615 million in 2018Q4 (-15.5% YOY) linked to smaller volumes in the wholesale of PV technology compared to the same period last year, marking a continuation of the positive trend that has been in place since 2013.

Osoby reprezentujące spółkę:
Georg Hotar - Director
Michael Gartner - Director

Załączniki

Dokument.pdf

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Finanse / Giełda / Podatki
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