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 [phone], [e-mail]

  

 

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

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Source: EAM Solar ASA via Globenewswire