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    PEN   NL0010391108

PHOTON ENERGY N.V.

(PEN)
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Photon Energy N : Group Receives 'Very Good' Rating from Sustainability Rating Agency imug | rating

06/02/2021 | 05:09am EDT


DGAP-Media / 02.06.2021 / 11:08

Photon Energy Group Receives 'Very Good' Rating from Sustainability Rating Agency imug | rating

- imug | rating has assessed the Company's sustainability performance as 'very good' with 75 out of 100 points in the areas of sustainability management, its products and services and controversies.

- The rating was carried out on the basis of publicly available information, media reports, external expert opinions, interviews with the Company and studies.

- The Company released its first sustainability report in March 2021, formally expressing its commitment to delivering sustainable outcomes.
 

Amsterdam - 2 June 2021 - Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) ('Photon Energy Group' or the 'Company'), an Amsterdam-based renewable energy company delivering solar energy and clean water solutions around the world, has received its first sustainability rating, being awarded a rating of 'very good' with 75 out of 100 points by imug | rating, an independent institution that assessed the Company's policies and activities in the area of sustainability. imug's ratings are attributed based on the following scale: weak, moderate, good, very good, excellent.

imug | rating is one of the leading sustainability rating agencies in Germany and a specialist in environmental, social and governance (ESG) research. imug | rating has been active in the fields of sustainable finance and socially responsible investment (SRI) for over 20 years. Its references include major asset managers and alternative banks as well as institutional investors and NGOs.

'We are proud that our ESG practices have been rated 'very good' by imug | rating. This validates our strategy, which sees sustainability as a key driver of value creation for our Company,' said Georg Hotar, CEO of Photon Energy Group. 'Since it is our mission to make a positive societal contribution through a strong focus on sustainability, we attach much value to this rating as a demonstration of our commitment to transparency and trustworthiness to our stakeholders.'

In 2020, Photon Energy Group laid the foundations for strategic management, controlling and reporting practices that are fully geared towards sustainability. It released its first annual sustainability report in March 2021, formally expressesing the Company's commitment to delivering sustainable outcomes.

Find out more about Photon Energy Group's ESG commitments and the sustainability rating here.
 

About Photon Energy Group - photonenergy.com

Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 100 MWp and has power plants with a combined capacity of 74.7 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 530 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 300 MWp worldwide. The group's second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt (Quotation Board) Stock Exchanges. The company is headquartered in Amsterdam, with offices in Australia, South America and across Europe.


Media Contact

Martin Kysly
Head of Marketing and Corporate Communications
Tel. +420 774 810 670
E-mail: martin.kysly@photonenergy.com


Investor Contact

Emeline Parry
Investor Relations Manager
Tel. +420 702 206 574
E-mail: emeline.parry@photonenergy.com



End of Media Release


Issuer: Photon Energy NV
Key word(s): Energy

02.06.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


1203650  02.06.2021 

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Financials
Sales 2020 28,3 M 33,7 M 33,7 M
Net income 2020 -8,65 M -10,3 M -10,3 M
Net Debt 2020 90,2 M 107 M 107 M
P/E ratio 2020 -76,6x
Yield 2020 -
Capitalization 146 M 175 M 174 M
EV / Sales 2019 4,24x
EV / Sales 2020 8,22x
Nbr of Employees 136
Free-Float 13,5%
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NameTitle
Georg Hotar Chief Executive Officer & Director
Clemens Wohlmuth Chief Financial Officer
Marek Skreta Chairman-Supervisory Board
Michael Gartner Chief Technology Officer & Director
Boguslawa Cimoszko Skowro˝ski Independent Member-Supervisory Board
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