PV firm Columbus Energy books 32% revenue gain in H1 2021

In the first half of 2021, the Columbus Energy Group generated PLN 335.9 million in revenues, i.e. 32 percent. more yy. EBITDA amounted to PLN 30.9 million compared to PLN 38.1 million a year earlier, the company said in the report.

The best times are behind the photovoltaic boom. The quotations of the stock exchange leader in the industry have been mainly declining in recent months, as is the profit reported for the second quarter of 2021. However, the company counts on a successful transformation and adaptation to the new conditions.

In the second quarter alone, the group’s revenues amounted to PLN 178 million compared to PLN 129 million a year ago. EBITDA in the second quarter amounted to PLN 10.8 million compared to PLN 18.1 million a year earlier.

“The first half of 2021 was unusual compared to previous years. The subsidy from the My Electricity program ended, and the media turmoil over the new prosumer law in the second quarter caused uncertainty among potential customers. Most companies in our sector recorded a decline in revenues, and often losses . This opened up great opportunities to take over sales and installation teams, “said Dawid Zieliński, president of Columbus Energy.

Source

Our privacy policy
%d bloggers like this: