Copenhagen, 1 August 2019
Financials for H1 2019 in line with H1 2018
- Revenue in line with H1 2018 (EUR 27.2M vs EUR 28.4M)
- Stable EBITDA of EUR 20.3M (EUR 24.3M including Joint Ventures)
Events occurred after 30 June 2019
- On 25 July 2019, the sale of some of Athena’s wind and solar assets located in Italy and Spain to Ardian Infrastructure and Glennmont Partners has been completed (see Company Announcement No.13/2019)
Impairment of assets
- Loss of EUR 48.6M due to the implementation of IFRS 5 (EUR 0.7M in H1 2018) and the Impairment Test on the perimeter excluded from the Transaction
Stable production trend in H1 2019
- Total net production in line with H1 2018: 181 GWh
- Actual wind production in line with estimates
- +5% in actual solar production vs. estimates
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“If we exclude the changes occurred in the perimeter of our business, which are consistently part of the new strategy of Athena, the Company has delivered a stable performance both in terms of production and profitability”.
Attachment
