SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. publishes H1 2017 (January to June 2017) Net sales, EBITDA and Net profit reaching respectively EUR 14,281 k, EUR 11,754 k and EUR 4,171 k.
This set of results are clearly higher than the ones published for H1 2016 (Net sales: EUR 7,645 k, EBITDA: EUR 6,756 k and Net profit: EUR: 2,065 k).
Net Sales, EBITDA and Net profit are up by respectively 87%, 74% and 102% vs. H1 2016
The EBIDA Margin reaches an optimal level 82%
This set of extremely positive, high growth and recurring results reflects that the new business model focused on renewable energy generation, the development and acquisition of new generation capacity and cost optimization is bearing fruit.
The solid and recurring cash flows generated by Grupo Solaria during this first half are pushing the working capital to reach EUR 39,094 million (EUR 25,5 million corresponding to investments made on the Uruguayan plants.
Grupo Solaria keeps on focusing on growth. New generation assets (“Greenfield” and “Brownfield”) will significantly increase the perimeter of the company and its generation capacity in the short, medium and long term. In this sense, Grupo Solaria has been awarded with 250 MW of new capacity at the last renewables Spanish auction that took place the 26th of July 2017. This new capacity will be profitable with any kind of subsidy.
Grupo Solaria has an important portfolio of up to 868 MW in development different countries of Latin America and Europe to support this new phase of growth.
For more details concerning H1 2017 results please click on the following link: