In line with commissioning of new installations, energy production increased from 412 GWh to 715 GWh in the first nine months of the year.
Net Sales
In line with production growth, net sales increased by 73%. Merchant exposure limited to 10% in this quarter and expected to grow in coming quarters.
Outstanding earnings - Surge in profitability
9M 2021
(€mn)
9M 2020
(€mn)
% chg.
Total revenues
80.2
48.5
+65%
EBITDA
70.0
37.6
+86%
Profit before tax
44.5
16.6
+168%
Net profit
37.6
25.1
+50%
18000
2150 3150 4150 5175 6200
EBITDA exceeds revenue growth due to
suspension of 7% generation tax and
strict control of operating expense.
Negligible clawback effect in Q3.
Profit before tax increased by 168% to €44.5mn, reflecting the company's sound capacity of cash generation.
Net profit up +50% from €25.1mn to €37.6mn.
Outstanding earnings - Robust financial situation
Performance of cash (€mn)
(1) Financial Debt = Long- and short-term obligations and bonds + long- and short-term financial liabilities with credit institutions + derivative financial instruments
18000
2150 3150 4150 5175 6200
Efficient cash and debt management
Huge increase in cash from €136mn to €161mn
Solid debt structure
4x
Financial net debt €365mn(1)/EBITDA LTM
2.5%
Estimated cost of debt year-end 2021
90%
Non-recourse project debt
90%
Fixed rate
Attachments
Original Link
Original Document
Permalink
Disclaimer
Solaria Energia y Medio Ambiente SA published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 08:49:06 UTC.
Solaria Energia y Medio Ambiente, S.A. specializes in the design, manufacturing, marketing and installation of renewable energy facilities. The activity is organized around 5 areas:
- production of electric energy;
- design and turnkey construction of solar power installations activity;
- installation and repair of solar, thermal, photovoltaic and wind systems ;
- sale of photovoltaic solar panels;
- installation and repair of plumbing, gas, electricity, cooling, heating and air conditioning systems.
Net sales are distributed geographically as follows: Spain (87.3%), Italy (6.8%), Uruguay (2.3%), Portugal and Greece (1.4%) and other (2.2%).
SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A. 
