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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

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SolTech Energy Sweden : Group signs an order in China that generates approx. SEK 27.2 million during the contract period

07/08/2021 | 01:31am EDT

Advanced Soltech's subsidiary in China, has signed an order with FuJian Chuang Long Textile Co. Ltd. The order is for the installation of a solar energy plant of 1.78 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 1.36 million, or approx. SEK 27.2 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiaries in China, amounts to approximately SEK 10 million and construction is scheduled to start in the third quarter of 2021. The project achieves good profitability completely without subsidies and is in Fujian Province.

Advanced Soltech's CEO Max Metelius comments:

-Our sales team continues to reap success in Fujian Province. We are experiencing a growing interest in solar energy in China from both customers and other players.

© 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 1 772 M 205 M 205 M
EV / Sales 2019 6,77x
EV / Sales 2020 6,21x
Nbr of Employees 180
Free-Float 100%
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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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