Highlights Q4 2023 EBITDA for the quarter was minusEUR 321 thousand and accumulated for the year minusEUR 1 111 thousand. Normal operations, adjusted for legal costs resulted in an EBITDA of minusEUR 40 thousand for the quarter, and minusEUR 129 thousand accumulated for the year, equivalent to an adjusted EBITDA margin of minus 19.6 per cent and minus 13.0 per cent respectively. Cost of operations and SG&A wereEUR 88 thousand andEUR 158 thousand for the quarter, andEUR 237 thousand andEUR 884 thousand accumulated for the year respectively. Legal costs wereEUR 280 thousand in the quarter andEUR 983 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 would continue and the first hearing took place on30 November 2023 . There are two further hearings scheduled for 5 March and20 March 2024 . The Court of Appeal has stated its intention to render its judgement in the case at the conclusion of the hearing on20 March 2024 . The Milan Chamber of Arbitration's final decision in the arbitration betweenEAM Solar ASA andAveleos SA was received29 February 2024 . The arbitration court conclusion was net amount in favor of EAM of approximately ofEUR 2 939 814. 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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