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1H19 RESULTS: SOLARIA REPORTS €9.93MN IN EARNINGS AND INCREASES INSTALLED CAPACITY TO 185MW

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Madrid, 25 September 2019

 

In the first half of the year, SOLARIA maintained its growth, improving REVENUES by 5% to €20.3mn, EBITDA by 5.5% to €16.08mn and NET PROFIT by 13% to €9.93mn. The growth is the result of high levels of solar radiation during the period and is largely due to the sound operating performance of all the company’s installations.

In addition, Solaria’s installed capacity has registered further significant growth. “We have seen a significant leap,” explained Solaria Chairman Enrique Díaz-Tejeiro, “with 185MW in installed capacity vs. 75MW until now, and we shall see an even bigger leap over the course of coming weeks”.

In June 2019, as part of its Capital Markets Day, Solaria reiterated to the market its intention of installing 1,300MW until the end of 2020, and the installation of another 1,950MW until late 2023 was also announced. At the event, a connection timescale was provided for the first 400MW. Solaria’s progress in this sense is developing as planned, with 185MW of installed capacity at this time.

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