EQS-News: Photon Energy Group Reports First-Quarter 2023 Financial Results
Amsterdam – 12 May 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Group’) today announced unaudited financial results for the first quarter of 2023, ending on 31 March 2023, posting an all-time record Q1 revenues of EUR 19.280 million (+111.0% YoY) and a consolidated EBITDA of EUR 0.330 million (-83.7% YoY) impacted by a higher contribution of lower margin revenues, one-off transaction costs related to the acquisition of Lerta and a growing headcount to support business growth.
- Amsterdam – 12 May 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Group’) today announced unaudited financial results for the first quarter of 2023, ending on 31 March 2023, posting an all-time record Q1 revenues of EUR 19.280 million (+111.0% YoY) and a consolidated EBITDA of EUR 0.330 million (-83.7% YoY) impacted by a higher contribution of lower margin revenues, one-off transaction costs related to the acquisition of Lerta and a growing headcount to support business growth.
- In January 2023, the Group launched its New Energy Division.
- This division combines Photon Energy’s behind-the-meter business with the newly acquired Lerta, a Poland-based renewable energy company and former investee of the Group.
- The Company will host a live webcast on Friday 12 May at 11:00 am CEST to present its first-quarter results followed by a Q&A session.