financial update

July 29, 2022
Renewables developer Mytilineos has seen its profits soar to €166 million in H1 2021, with renewables sales nearly doubling.
July 27, 2021
Greek industrial group Mytilineos recorded a net profit of €77 million (US$91 million) in H1 2021, however the firm’s renewables division witnessed a drop in revenue year-on-year.
May 12, 2020
French giant’s Q1 2020 results show minor dips in net income and revenues, with its renewables unit recording strong performance and expected to report ‘low impacts’ going forward
April 3, 2020
Firm vows to ramp up investment ‘as soon as possible’ after decree puts construction on hold in its home country, with a spokesperson telling PV Tech long-term funding is not expected to be hit.
April 2, 2020
Firm had predicted €2.7-2.9bn net recurring income and double-digit growth of renewables unit this year but is withdrawing the forecast, amid talk of potential 'constraints' for green energy work.
March 23, 2020
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
March 17, 2020
Small-scale specialist will set sights on US and European projects after year of higher profits and revenues, net income losses and relocation from Shanghai to Connecticut.
March 13, 2020
Leading SMSL member confirms milestones for shipments (14.3GW), gross profit (US$780.2m) and others in 2019, predicting COVID-19 will not “materially” hurt business
February 26, 2020
Utility’s renewable spending soars 85% to €3.34bn during year it completed Europe’s biggest solar plant and put forward large PV hybrid in Australia.
November 11, 2019
Firm sees slight revenue dip and minor EBITDA jump in first nine months of year when overseas PV portfolio reached 1.138GW, with new solar plays in Europe and America.

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