SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. publishes Q3 2017 (January to September 2017) Net sales, EBITDA and Net profit reaching respectively EUR 22,277 k (+86%), EUR 18,292 k (+70%) and EUR 5,600 k (+91%). This set of results are clearly higher than the ones published for Q3 2016 (Net sales: EUR 12,000 k, EBITDA: EUR 10,748 k and Net profit: EUR: 2,931 k).
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 period are pushing the working capital to reach EUR 44,495 million.
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 without any kind of subsidy.