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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
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SolTech Energy Sweden : Group signs an order in China that generates approx. SEK 21.6 million during the contract period

06/17/2021 | 01:31am EDT

Advanced Soltech's subsidiary in China, has signed an order with WanJi (Anhui) Great Health Industry Co. Ltd. The order concerns the installation of a solar energy plant of 1.3 megawatts (MW) which is estimated to generate annual revenues of approximately SEK 1.08 million, or approximately SEK 21.6 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech’s wholly owned subsidiary in China, amounts to approximately SEK 7.25 million and construction is scheduled to start in the third quarter of 2021. The project achieves good profitability without subsidies and is in Anhui province.

Advanced Soltech’s CEO Max Metelius comments:

-We are experiencing a strong recovery in the Chinese economy and a good interest from companies to contribute to a green transition of the electricity production.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2020 434 M 50,3 M 50,3 M
Net income 2020 -90,4 M -10,5 M -10,5 M
Net Debt 2020 735 M 85,2 M 85,2 M
P/E ratio 2020 -14,0x
Yield 2020 -
Capitalization 1 870 M 217 M 217 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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