Global solar power solutions providerPhoton Energy N.V. has today announced, that its shares were listedon the Prague Stock Exchange (PSE) in a dual listing. Photon Energyis already listed on NewConnect in Warsaw and will now also betraded on the PSE Free Market. With this step Photon Energy wantsto offer investors in the Czech Republic the possibility to profitfrom the global photovoltaic boom.
Photon Energy CEO GeorgHotar today announced the listing on PSE. “We areseeing a global boom in solar energy and want to give investors inthe Czech Republic the opportunity to participate”. PhotonEnergy’s shares were accepted to trading on 10 October 2016. Firstday of trading is expected for 17 October 2016.
“Our current investors appreciate ourtransparent approach to communicating with capital markets”,explains CEO Georg Hotar. “We publish monthlyreports with detailed updates on our activities and also holdregular online chats with investors. Photon Energy is the rightchoice for investors, who want to add renewable energy shares totheir portfolio”, Hotar adds.
“Photon Energy is joining the ranks ofseveral strong and well established players on the energy market onthe Prague Stock Exchange”, says Petr Koblic, CEO ofthe Prague Stock Exchange. “I strongly believe thatthe dual listing is only the beginning of a long-term cooperationbetween our market and the issuer”.
Photon Energy was founded in Prague in 2008and grew into a global company headquartered in Amsterdam andbusiness in Europe and Australia. To date the group has builtpower plants in the Czech Republic, Slovakia, Italy, Germany andAustralia with a total installed capacity of almost 50 MWp. PhotonEnergy own a proprietary portfolio of 26 MWp of power plants inEurope and Australia. In addition to the group offers monitoring,operations and maintenance services to more than 180 MWpworldwide.
In the coming months Photon Energy expectsfurther growth of its O&M portfolio. At the same time the groupis developing projects in several countries. “The mostinteresting market for us at the moment is Australia, where we havebeen present since 2011”, explains CEO GeorgHotar. “We see enormous potential for large-scalesolar power plants, which in our opinion could be competitivewithout the need for subsidies”. Until now Photon Energy hasbeen building large-scale commercial rooftop power plants inAustralia. In 2014, for example, the company built a 283 kWp powerplant for the headquarters of Australia Post in Sydney.
Financially, Photon Energy in 2015 recordedits best result for the last five years. Revenues grew from 11.76Mio. EUR in 2014 to 13.321 Mio. EUR. This resulted in an EBITDAgrowth of 75,8% to 6.145 Mio. EUR and a swing from a negative EBITof -0.924 Mio. EUR to a positive 1.113 Mio. EUR. This growth alsoprojected into a reduction of the loss after taxation from -5.034Mio. EUR in 2014 to -1.720 Mio. EUR in 2015. The 2016half-year-figures show this positive trend continuing.
Basic information
ISIN: NL0010391108 Ticker: PEN
MEDIA CONTACT
Jan Krcmar
T +420 773 032 182
E jan.krcmar@photonenergy.com
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