EAM Solar ASA: First quarter 2013 report
30th April 2013
EAM Solar ASA reports operational and financial results for the 1st quarter 2013.
Main financial results;
Power production of 1,102MWh (1,176MWh in Q1’2012)
Revenues of EUR 496k (EUR 500k in Q1’2012)
EBITDA of EUR -192k (EUR -49k in Q1’2012)
Adjusted EBITDA of EUR 133k (EUR 246k in Q1’2012)
Main events;
IPO on the Oslo Stock Exchange 26th of March
Board proposes first distribution to shareholders of NOK 5 per share to be decided in Annual general Meeting the 14th of May.
See enclosed financial report for the first quarter 2013 for further details.
For further information, please contact:
Audun W. Iversen, CEO, phone +47 916 16 250, [email protected]
Viktor E. Jakobsen, Director , phone +47 916 11 009, [email protected]
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, acquired during in 2011/12. The plants are operating under long-term sales contracts. EAM Solar acquires power plants that are commissioned, connected to the grid and in power production at the time of financial close with the geographical focus on Europe.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.