HIGHLIGHTS Q2 2020 EBITDA for the quarter was minusEUR 100 thousand and accumulated for the year minusEUR 277 thousand . Normal operations, adjusted for legal costs resulted in an EBITDA ofEUR 41 thousand for the quarter andEUR 17 thousand for the year, equivalent to an adjusted EBITDA margin of 10 per cent and 2 per cent, respectively. Cost of operations and SG&A wereEUR 44 thousand andEUR 303 thousand for the quarter andEUR 90 thousand andEUR 578 thousand accumulated for the year respectively. Legal costs wereEUR 141 thousand in the quarter andEUR 294 thousand accumulated for the year respectively.EAM Solar ASA has obtained the necessary documents from the criminal court inItaly to enforce the provisional damages award ofEUR 5 million towards Aveleos in Luxembourg. Aveleos has appealed the award and a hearing has been scheduled at19 August 2020 inMilano on the matter of the provisional award. For further information, please contact: Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no AboutEAM Solar ASA :EAM Solar ASA is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants inItaly . The plants are operating under long-term sales contracts. In addition, the Company's business is lawsuits in relation solar power plants. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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