Interim Financial Report - H1 2020

Improved Financials for H1 2020Revenue lower than H1 2019 (EUR 0.1M vs EUR 0.3M)EBITDA of EUR -2.0M (EUR -3.2M in H1 2019) Impairment of assetsLoss of EUR 1.9M of Discontinued operations   Revised Outlook for 2020EBITDA and net result are expected in the range EUR -4.5M – EUR -5.5M against previously EUR -3.0M – EUR -4.0M   Events occurred after 30 June 2020Francesco Vittori was appointed CEO as per 1 August 2020, while continuing as CFO and consequently...

Improved Financials for H1 2020

• Revenue lower than H1 2019 (EUR 0.1M vs EUR 0.3M)
• EBITDA of EUR -2.0M (EUR -3.2M in H1 2019)

 Impairment of assets

• Loss of EUR 1.9M of Discontinued operations

 Revised Outlook for 2020

• EBITDA and net result are expected in the range EUR -4.5M – EUR -5.5M against previously EUR -3.0M – EUR -4.0M

 Events occurred after 30 June 2020

• Francesco Vittori was appointed CEO as per 1 August 2020, while continuing as CFO and consequently constituting the Management of the Group (see Company Announcement No.10/2020)

 Negative production trend in H1 2020 mainly due to poor wind conditions

• -29% in total net production in H1 2020 vs. H1 2019: 31 GWh
• -37% in actual wind production vs. estimates
• Actual solar production in line with estimates

Attachment

• Interim Report_H1_2020