Listing of Holaluz and SolarProfit on BME Growth suspended
The marketing company led by Carlota Pi did not publish its audit report on time, and the company chaired by Roger Fernandez must reform its reporting after entering a pre-bankruptcy state, so the alternative market decided to suspend its listings.
Maximum BME growth expectation. The alternative market suspended trading of Holaluz and SolarProfit after they failed to submit all regulatory information for the end of 2023 on time.
Company directed by Carlota Pi presented some results correspond to 2023, and some losses of 26 million eurosThat’s up from a loss of 5.1 in 2022, representing a fivefold increase in red numbers, according to stock market filings by BME Growth.
According to these results, billing
Maximum BME growth expectation. The Alternative Market suspended trading of Holaluz and SolarProfit after they failed to submit all regulatory information for the end of 2023 on time.
Company directed by Carlota Pi presented some results correspond to 2023, and some losses of 26 million eurosThat’s up from a loss of 5.1 in 2022, representing a fivefold increase in red numbers, according to records filed by the BME Growth stock market.
According to these results, The company’s turnover in 2023 fell by 33%, up to 614 million euros. The company’s net debt increased 5% to 65.4 million, which the company attributed to an increase in its investment efforts to finance its wafer installation business for its own consumption.
The full Board of Directors did not approve the accounts, since representatives of the funds Axon Capital and Investments and background Geroa Pension They disagreed with the report sent to the stock market. Between both funds, they own 25.4% of the capital of the company he heads. Charlotte Pea.
On April 22, Holaluz reported that it was in negotiations to obtain 21 million in financing, including 10 million in the form of a loan from the Institut Català de Finances, the public financial institution of the Generalitat. The delay in receiving this funding resulted in The company’s management should consider initiating bankruptcy proceedingsas detailed in the management report filed with BME Growth.
Hellolight this suffers from falling photovoltaic panel marketlike other companies in this sector such as SolarProfit, which even requested a pre-insolvency procedure. In addition, last November the Catalan company announced an ERE for around 200 workers (27% of its workforce) due to the slowdown in the development of solar energy in the residential sector.
Despite the unfavorable market conditions, Holaluz confirms that it has met its normalized EBITDA guidance for the 2023 financial year, reaching €4.3 million in 2023 and €22.5 million for the trailing twelve months (April 23 – March 24). Next extension