- Operating performance EUR 4.3 million
- Operating profit EUR 1.2 million
- Equity including subordinated capital EUR 5.8 million
- Power plant portfolio at the balance sheet date 25.1 MW
- Market entry in Bosnia-Herzegovina and Hungary
Klagenfurt, October 9, 2017. The interim financial statements of PV-Invest GmbH as of June 30, 2017 were published and continue the positive development of the previous year.
Already in the 2016 financial year, the contribution of KPV Solar to the PV-Invest Group and the issue of PV-Invest photovoltaic bonds led to a significant increase in corporate activities. All relevant key figures developed positively compared to the previous year. This expansion trend continued unabated in the first half of 2017.
As of June 30, 2017, the group balance sheet total was EUR 61 million. The operating performance of the PV-Invest Group grew by EUR 0.5 million compared to the first half of 2016. With an EBIT of EUR 1.2 million, a ratio of EBIT to operating performance of 28.2% was achieved. Equity (including subordinated liabilities) amounted to EUR 5.8 million as of the reporting date. The power plant portfolio of the entire group comprised PV power plants with a total output of 25.1 MW in 8 export markets at the end of the half-year.
The 2017 financial year started very successfully. In addition to the acquisition of another power plant in Slovenia the preparations for the expansion of our PV power plant in France were started. Further plants are in preparation. In Hungary, which is also a new export market, PV-Invest has started preparations for the construction of several photovoltaic power plants with a total output of 2.2 MW and has also laid the foundations for a public participation company. In Bosnia-Herzegovina, construction of two small hydropower plants has started.
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 25 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 June 30, 2017 amounts to EUR 61 million. As part of a corporate rating carried out by Creditreform Rating AG, PV – Invest GmbH was awarded a satisfactory credit rating with a stable outlook in November 2016 with a BB- rating.
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.
