EAM Solar ASA : Q4 2017 Financial Report
February 13 2018 - 1:00AM
HIGHLIGHTS Q4 2017:
EBITDA for the year 2017
came in at minus EUR 4.8 million. Adjusted for
legal costs and write down
of receivable against Aveleos SA, normal
operations yielded an EBITDA of EUR 1.8 million
for the year 2017,
equivalent to an EBITDA margin of 42 per cent.
Annual cost of operations
and SG&A was reduced by 20% YOY.
Hearings were conducted in
both criminal and arbitration procceedings in
Milan during the quarter
without any concluding rulings. The EAM CEO will
appear as witness in the
Criminal Court on 20 February 2018.
For information, please
contact:
Viktor E Jakobsen, CEO,
phone +47 9161 1009, viktor@eam.no
About EAM Solar: EAM Solar
is a utility company that acquires and operates solar power plants.
The Company currently owns solar PV power plants in Italy. The
plants are operating under long-term sales contracts.
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
Q4 2017 Financial Report
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EAM Solar ASA via Globenewswire
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