Heliocentris Energy Solutions AG Announces Unaudited Earnings Results for the Fourth Quarter and Full Year 2015; Provides Sales Guidance for 2016
For the full year, the company generated sales of EUR 22.1 million. Despite this increase in sales, the EBITDA will amount to EUR - 11.48 million. This is due chiefly to two factors. Firstly, the increased cost base in 2015 as a result of significant non-recurring costs relating to the capital increase and the segment change in May 2015, as well as additional fixed costs from investments in electrolysis technology. Secondly, a fall in gross profits due to low sales volumes combined with low gross margins, since the majority of sales were generated in the project business and not in the high-margin business with energy management systems, maintenance and operating agreements and fuel-cell-based solutions.
For 2016, the company expects increase in sales to between EUR 27 million and EUR 33 million and significant improvement in earnings against 2015.