Highlights Q3 2023 EBITDA for the quarter wasEUR 34 thousand and accumulated for the year minusEUR 798 thousand . Normal operations, adjusted for legal costs resulted in an EBITDA ofEUR 161 thousand for the quarter, and minusEUR 91 thousand accumulated for the year, equivalent to an adjusted EBITDA margin of 49 per cent and minus 12 per cent respectively. Cost of operations and SG&A wereEUR 50 thousand andEUR 121 thousand for the quarter, andEUR 150 thousand andEUR 728 thousand accumulated for the year respectively. Legal costs wereEUR 128 thousand in the quarter andEUR 707 thousand accumulated for the year. On12 July 2023 , Section V of theCriminal Appeal Court of Milan notified the parties that the appeal process for the criminal proceedings related to the P31 fraud case will continue with a first hearing set for30 November 2023 . Regarding the new arbitration inMilan of 2020, the final hearing in this arbitration took place on13 September 2023 . The arbitration tribunal has set a term until26 January 2024 to deliver their final decision. For further information, please contact: Viktor E Jakobsen, Chairman, 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 acquisition of 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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