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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

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SolTech Energy Sweden : Advanced Soltech signs an order in China for that generates approx. SEK 12.4 million during the contract period

05/27/2021 | 01:46am EDT

Advanced Soltech's subsidiary in China, has signed an order with AnHui ZhongKe WeiZhi Logistics Equipment Manufacturing Co. Ltd. for an installation of a solar energy plant of 0.8 megawatts (MW) which is estimated to generate annual revenues of SEK 0.62 million, or approx. SEK 12.4 million under the 20-year agreement. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 4,5 million and construction is planned to start in the third quarter of 2021. The customer is very satisfied with the 0.8 MW plant they already have and places this follow-up order. The project is in WuHu, Anhui province.

Advanced Soltech's CEO Max Metelius comments:

-We continue to receive follow-up orders with existing customers. We see very good demand for our offering in Anhui province, where we see continued very good growth opportunities.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 434 M 50,7 M 50,7 M
Net income 2020 -90,4 M -10,6 M -10,6 M
Net Debt 2020 735 M 85,8 M 85,8 M
P/E ratio 2020 -14,0x
Yield 2020 -
Capitalization 1 917 M 224 M 224 M
EV / Sales 2019 6,77x
EV / Sales 2020 6,21x
Nbr of Employees 180
Free-Float 100%
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Stefan Ölander Chief Executive Officer & Director
Niclas Lundin Chief Financial Officer
Anna Kinberg Batra Chairman
Mats Bertil Holmfeldt Independent Director
Hellen Wohlin Lidgard Independent Director
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