- Operating performance EUR 11 million
- Operating profit EUR 3.1 million
- Equity including subordinated capital EUR 6 million
- Power plant portfolio as of the balance sheet date 25.7 MW
- Admission to the Corporates Prime segment on the Vienna Stock Exchange
Klagenfurt, August 31, 2018. The audited annual financial statements of PV-Invest GmbH for the 2017 financial year have been published. The positive trend of the previous year continues.
In the 2017 financial year, the issue of PV-Invest photovoltaic bonds 2017-2024 and 2017-2027 led to a further increase in corporate activities. In addition to the increased activity in the EPC and contracting business by the subsidiary KPV Solar GmbH, the existing portfolio could also be expanded.
As of the balance sheet date of December 31, 2017, the group balance sheet total was EUR 68.7 million. The operating performance of the PV-Invest Group grew by 39% compared to the previous year, to EUR 10.9 million. The increase in EBIT to EUR 3.13 million (previous year: EUR 2.48 million) leads to an EBIT / operating performance ratio of 28.6%. Equity (including subordinated liabilities) remained unchanged at EUR 6 million. Despite the expansion activities and the associated investments, a balanced annual surplus could be generated. The power plant portfolio of the entire group included PV power plants with a total output of 25.7 MW in 8 export markets at the end of the business year. This corresponds to an increase of 2 MW and entry into a new market.
At the beginning of 2018, the construction of two small hydropower plants in Bosnia-Herzegovina began, which is the first time that PV-Invest GmbH has invested in small hydropower plants in addition to PV power plants. Besides opening up another new market, this also diversifies the technology portfolio. Further the Spanish subsidiary Macael Fotovoltaica 11 SL was sold profitably in the first half of 2018 and the PV-Invest photovoltaic bonds 2017 were included in the Coporates Prime segment of the Vienna Stock Exchange.
About the company
PV-Invest GmbH is active in the renewable energy sector and, on the one hand, produces electricity from photovoltaic power plants with its subsidiaries. The company currently has existing properties with around 26 MW in operation. On the other hand, the company plans and builds PV power plant projects in Europe and the MENA region. The balance sheet total as of December 31, 2017 was EUR 68.7 million.
Media & Investor Relations
Richard Petz
PV-Invest GmbH
+43 (0) 463/218073 -21
richard.petz@pv-invest.com
Legal Notice
This document is neither a prospectus nor an offer of securities or an invitation to submit an offer nor a personal recommendation for securities of PV-Invest GmbH (the “Company”). An offer of securities from PV-Invest GmbH is made exclusively on the basis of a prospectus approved by the Luxembourg Financial Market Authority (Commission de Surveillance du Secteur Financier – “CSSF”) and submitted to the Federal Financial Supervisory Authority (“BaFin”) and the Austrian Financial Market Authority (“FMA “). The approved / notified securities prospectus was published by PV-Invest GmbH in accordance with the legal requirements on the company’s website at https://www.pv-invest.com/de/wertpapierprospekte/ and is available free of charge from PV-Invest GmbH, Lakeside B07, A-9020 Klagenfurt, Austria.
