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Interim Financial Report – H1 2020

Written by Customer Service on . Posted in Public Companies.

 Copenhagen, 4 August 2020
Improved Financials for H1 2020Revenue lower than H1 2019 (EUR 0.1M vs EUR 0.3M)EBITDA of EUR -2.0M (EUR -3.2M in H1 2019) Impairment of assetsLoss of EUR 1.9M of Discontinued operations Revised Outlook for 2020EBITDA and net result are expected in the range EUR -4.5M – EUR -5.5M against previously EUR -3.0M – EUR -4.0M Events occurred after 30 June 2020Francesco Vittori was appointed CEO as per 1 August 2020, while continuing as CFO and consequently constituting the Management of the Group (see Company Announcement No.10/2020) Negative production trend in H1 2020 mainly due to poor wind conditions-29% in total net production in H1 2020 vs. H1 2019: 31 GWh-37% in actual wind production vs. estimatesActual solar production in line with estimatesAttachmentInterim Report_H1_2020

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