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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
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SolTech Energy Sweden : Advanced Soltech signs an order in China that generates approx. 64.4 SEK million during the contract period.

06/16/2021 | 01:31am EDT

Advanced Soltech's subsidiary in China, has signed an order with JingDeZheng TaoYuan Mining Co. Ltd. The order is for the installation of a solar energy plant of 5 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 3.22 million, or approx. SEK 64.4 million during the 20-year term of the agreement. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approx. SEK 26.65 million and construction is scheduled to start in the third quarter of 2021. This project which is located in JiangXi province has good profitability without subsidies.

Advanced Soltechs CEO Max Metelius comments:

--This is a large and very good project that fits perfectly in our project portfolio. We currently see strong demand for our offering in JiangXi Province.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 434 M 50,0 M 50,0 M
Net income 2020 -90,4 M -10,4 M -10,4 M
Net Debt 2020 735 M 84,6 M 84,6 M
P/E ratio 2020 -14,0x
Yield 2020 -
Capitalization 1 863 M 215 M 214 M
EV / Sales 2019 6,77x
EV / Sales 2020 6,21x
Nbr of Employees 180
Free-Float 100%
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Managers and Directors
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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