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Tuesday, 13 February 2018

EAM Solar ASA : Q4 2017 Financial Report

EAM Solar ASA    

Published: 07:00 CET 13-02-2018 /GlobeNewswire /Source: EAM Solar ASA / : EAM /ISIN: NO0010607781

EAM Solar ASA : Q4 2017 Financial Report

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: EAM Solar ASA, Dronningen 1, Oslo 0287, Norway
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