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    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
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SolTech Energy Sweden : The Soltech Group signs an order in China that provides approximately 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. The order applies to the installation of a solar energy plant of 0.8 megawatts (MW), which is estimated to generate annual revenues of approximately SEK 0.62 million, or approximately SEK 12.4 million during the 20-year term of the agreements. The investment in the plant, which will be owned by Advanced Soltech's wholly owned subsidiaries 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 800 KW plant they already have and therefore places this supplementary order . The project is located in WuHu, Anhui Province.

Advanced Soltech's CEO Max Metelius comments:

  • Our existing customers continue to expand their capacity with our offering. We have very good demand for our offering in Anhui Province, where we see good opportunities for continued strong growth.

© 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 1 829 M 213 M 212 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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