15 November 2018
HIGHLIGHTS Q3 2018
EBITDA for the quarter was EUR 1.0 million and the result accumulated
for the year EUR 730 thousand. Normal operations, adjusted for legal costs
resulted in an EBITDA of EUR 1 028 thousand for the quarter and EUR 2 004
thousand accumulated for the year, equivalent to an EBITDA margin of 70
per cent and 57 per cent, respectively.
Cost of operations and SG&A were EUR 131 thousand and EUR 303 thousand for
the quarter and EUR 495 thousand and EUR 1 027 thousand accumulated for
the year respectively.
Legal costs were EUR 28 thousand in the quarter and EUR 1 274 thousand accumulated
for the year.
Hearings were conducted in both the criminal and the arbitration proceedings
in Milan during the quarter. No decision has been reached in any of the
venues. A verdict in the first instance of the criminal case may happen as early as the
first quarter 2019, this is however uncertain. A final award in the arbitration case
could be expected during the first quarter 2019, however the timing is uncertain.
For further information, please contact:
Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no
About EAM Solar ASA: EAM Solar ASA is a utility company that acquires and
operates solar power plants. The Company currently owns solar PV power plants in
Italy. The plants are operating under long-term sales contracts. In addition,
the Company's business is lawsuits in relation solar power plants.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act