Solaria gana 57 million euros in the first nine months of the year, lwhat do you suppose a 34% cut compared to the profit obtained in the same period of the previous year, which amounted to 86.4 million euros. 29.3 million profits that have fallen by the wayside, above all, to the fall reflected in energy prices.
Despite this, the company highlights that “it is observed that the Group continues to maintain exponential growth, which translates in an increase in energy production (+15%), “which, due to the sharp fall in price, has not materialized in a greater increase in EBITDA, but it is expected that said price will finish normalizing in the last three months of the year and, as a consequence, achieve the set objectives.”
Besides Its EBITDA, gross operating result, reaches 131.6 million euros, with a cut of 14% compared to January-September of last year.
During the first nine months of fiscal year 2024, The net amount of the Group’s turnover has amounted to 135,097 thousand euros, which represents a decrease of 8% (+146,926 thousand euros) compared to the same period of the previous year. This decrease is mainly due to the fall in energy prices.
The variation in Personnel Expenses (+9% compared to 2023) It is mainly due to adjustments to the provisions for the closings of 2022 and 2023 that have affected the comparability of the 2023 and 2024 periods respectively.
The increase in the Operating Expenses heading is mainly due to the costs accrued by the new Plants whose start-up took place between September 30, 2023 and September 30, 2024. as well as the electricity tax that taxes energy production.
The increase in the Depreciation heading is due to the provision recorded corresponding to the new plants put into operation by the Group. Regarding the financial result, The increase in expenses in fiscal year 2024 is due to the recognition of financial expenses linked to the financing operations of the new plantswhose accrual had not begun in the same period of the previous year.
From the company they point out that “it is worth highlighting the solid structure of the Group, where each project is capable of meeting its operating and financial costs and generating surplus cash so that the Group can face its new investments.