Company Announcement No. 21/2013
Copenhagen, 13 November 2013
Positive trend in financials confirmed despite lower quarter
- Year to date 2013 profit of EUR 2.6M
- 12% increase in revenue to EUR 58.3M for Q1-Q3 2013, including revenue from associates
- 23% increase in EBITDA to EUR 35.2M for Q1-Q3 2013, including EBITDA from associates
Positive production trend confirmed despite average irradiation
- Total production generated in Q3 2013: 70 GWh (net) – down 5 %
- Total production generated in Q1-Q3 2013: 307 GWh (net) – up 18 %
- Actual wind production vs. estimates: +4 %
- Actual solar production vs. estimates: -1 %
Full-year 2013 expectations maintained
- Net production: 390 – 400 GWh
- Revenue (including associates): EUR 76 – 82M
- EBITDA (including associates): EUR 39.1 – 41.5M
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“Greentech is pleased to announce results for the 9 months ended September 2013. With continuing growth in key figures and excellent performance of the Italian wind activities, Greentech confirms the expectations for the full year 2013.”
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71
Sigieri Diaz della Vittoria Pallavicini, CEO, Tel: +45 33 36 42 02
