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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

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SolTech Energy Sweden : Group signs an order in China for that generates approx. SEK 11.7 million during the contract period

05/17/2021 | 03:31am EDT

Advanced Soltech's subsidiary in China, has signed an order with JingDeZheng YiShan Ceramics Co. Ltd. for an installation of a solar energy plant of 0.9 megawatts (MW) which is estimated to generate annual revenues of SEK 0.585 million, or approx. SEK 11.7 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 4.82 million and construction is planned to start in the third quarter of 2021. The customer is very satisfied with the 2 MW plant they already have and places this follow-up order. The project is in the JiangXi province.

Advanced Soltech's CEO Max Metelius comments:

  • We continue to receive follow-up orders with existing customers, which confirms confidence in Advanced Soltech and that our customers are very satisfied with our delivery.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 434 M 50,2 M 50,2 M
Net income 2020 -90,4 M -10,5 M -10,5 M
Net Debt 2020 735 M 85,0 M 85,0 M
P/E ratio 2020 -14,0x
Yield 2020 -
Capitalization 1 863 M 215 M 215 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 Ílander 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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