Global solar power solutions provider Photon Energy N.V. has today announced, that its shares were listed on the Prague Stock Exchange (PSE) in a dual listing. Photon Energy is already listed on NewConnect in Warsaw and will now also be traded on the PSE Free Market. With this step Photon Energy wants to offer investors in the Czech Republic the possibility to profit from the global photovoltaic boom.
Photon Energy CEO Georg Hotar today announced the listing on PSE. "We are seeing a global boom in solar energy and want to give investors in the Czech Republic the opportunity to participate". Photon Energy's shares were accepted to trading on 10 October 2016. First day of trading is expected for 17 October 2016.
"Our current investors appreciate our transparent approach to communicating with capital markets", explains CEO Georg Hotar. "We publish monthly reports with detailed updates on our activities and also hold regular online chats with investors. Photon Energy is the right choice for investors, who want to add renewable energy shares to their portfolio", Hotar adds.
"Photon Energy is joining the ranks of several strong and well established players on the energy market on the Prague Stock Exchange", says Petr Koblic, CEO of the Prague Stock Exchange. "I strongly believe that the dual listing is only the beginning of a long-term cooperation between our market and the issuer".
Photon Energy was founded in Prague in 2008 and grew into a global company headquartered in Amsterdam and business in Europe and Australia. To date the group has built power plants in the Czech Republic, Slovakia, Italy, Germany and Australia with a total installed capacity of almost 50 MWp. Photon Energy own a proprietary portfolio of 26 MWp of power plants in Europe and Australia. In addition to the group offers monitoring, operations and maintenance services to more than 180 MWp worldwide.
In the coming months Photon Energy expects further growth of its O&M portfolio. At the same time the group is developing projects in several countries. "The most interesting market for us at the moment is Australia, where we have been present since 2011", explains CEO Georg Hotar. "We see enormous potential for large-scale solar power plants, which in our opinion could be competitive without the need for subsidies". Until now Photon Energy has been building large-scale commercial rooftop power plants in Australia. In 2014, for example, the company built a 283 kWp power plant for the headquarters of Australia Post in Sydney.
Financially, Photon Energy in 2015 recorded its best result for the last five years. Revenues grew from 11.76 Mio. EUR in 2014 to 13.321 Mio. EUR. This resulted in an EBITDA growth of 75,8% to 6.145 Mio. EUR and a swing from a negative EBIT of -0.924 Mio. EUR to a positive 1.113 Mio. EUR. This growth also projected into a reduction of the loss after taxation from -5.034 Mio. EUR in 2014 to -1.720 Mio. EUR in 2015. The 2016 half-year-figures show this positive trend continuing.
ISIN: NL0010391108Ticker: PEN
Photon Energy N.V.
Barbara Strozzilaan 00201
1083 HN Amsterdam
|Contact Person:||Jan Krcmar|
|ISIN(s):||DE000A1HELE2 (Bond) NL0010391108 (Share)|
|Stock Exchange(s):||Free Market in Berlin, Frankfurt, Hamburg, Hannover; Vienna Stock Exchange (Corporates Prime)|
|Other Stock Exchanges:||Warsaw NewConnect|