MADRID, 14 Nov. (EUROPA PRESS) -

Soltec Power Holdings recorded consolidated revenues of 304.1 million euros in the first nine months of this year, which represents a decrease of 24.6% compared to the same period in 2022, as the company reported to the Commission this Tuesday. National Securities Market (CNMV).

The firm placed its adjusted gross operating result (Ebitda) at 600,000 euros, almost 93% less than the 8.5 million euros recorded in the same period of the previous year.

However, Soltec has confirmed its objectives for the year, after entering 120 million euros in the third quarter of the year and registering an adjusted Ebitda of 10.8 million between July and September, supporting the expected change in trend, "which will be seen reinforced in the last quarter of the year".

The company's industrial division, Soltec Industrial, continued to reflect the "high" added value of solar trackers and their "high" demand globally, having supplied more than 1.7 gigawatts (GW) since the beginning of the year, with a accumulated 'track record' of 17.3 GW, the group has highlighted.

In this sense, Soltec Industrial's income reached 291 million euros between January and September and 116.1 million euros in the third quarter alone.

The margins of the industrial division, for their part, reflected, according to the company, a "clear change in trend" compared to previous quarters, thanks to the higher volumes achieved, with an Ebitda margin of 8.6% in the third quarter of the year. year and 1% in the first nine months of 2023.

By markets, Europe represented 27% of billing in the first nine months of the year, the United States 25%, and Latin America 47%.

The firm has maintained its 'guidance' for the end of the 2023 financial year with a consolidated Ebitda of between 45 and 55 million euros.

In the industrial division, it plans to achieve revenues in the range of 600 to 700 million euros and an Ebitda margin of between 6% and 7%.