• Operating performance EUR 8 million
  • Operating profit EUR 2.5 million
  • Annual profit EUR 0.3 million
  • Equity including subordinated capital EUR 6 million
  • Power plant portfolio as of the balance sheet date 23.7 MW
  • Admission to the Corporates Prime Segment on the Vienna Stock Exchange

Klagenfurt, June 26, 2017. The audited annual financial statements of PV-Invest GmbH for the 2016 financial year were published and show a consistently positive development.

In the 2016 financial year, the merger of KPV Solar and the PV-Invest Group as well as the issue of PV-Invest photovoltaic bonds led to a significant increase in corporate activities. All relevant key figures developed positively compared to the previous year.

As of the balance sheet date December 31, 2016, the group balance sheet total was EUR 51 million. The operating performance of the PV-Invest Group grew by 175% compared to the previous year to EUR 7.8 million. With an increase in EBIT to EUR 2.48 million (previous year: EUR 0.8 million), the ratio of EBIT to operating performance was increased to 31.4%. In comparison, the figure was still 28.1% in 2015. There was an equally positive development in equity (including subordinated liabilities), which increased from EUR 3.3 million to EUR 6 million. In total, an annual surplus of EUR 317,000 was generated in 2016. At the end of the fiscal year, the power plant portfolio of the entire group comprised PV power plants with a total output of 23.7 MW in 7 export markets.

The 2017 financial year also started very successfully. In addition to the acquisition of another power plant in Slovenia the preparations for the construction of new PV power plants in France were started. Further plants are in preparation. In Hungary, which is also a new export market, PV-Invest has started preparations for the construction of several photovoltaic power plants with a total output of 2.2 MW. In addition, the PV-Invest photovoltaic bonds were included in the Corporates Prime segment of the Vienna Stock Exchange.

About the company

PV – Invest GmbH is active in the renewable energy sector and, on the one hand, produces electricity from photovoltaic power plants with its subsidiaries. The company currently has existing properties with 25 MW in operation. On the other hand, the company plans and builds PV power plant projects in Europe and the MENA region. The balance sheet total as of December 31, 2016 was EUR 51 million. As part of a corporate rating carried out by Creditreform Rating AG, PV – Invest GmbH was awarded a satisfactory credit rating with a stable outlook in November 2016 with a BB- rating.

Media & Investor Relations
Richard Petz
PV – Invest GmbH
+43 (0) 463 218073 21
richard.petz@pv-invest.com

Legal Notice
This document is neither a prospectus nor an offer of securities or an invitation to submit an offer nor a personal recommendation for securities of PV-Invest GmbH (the "Company"). An offer of securities from PV-Invest GmbH is made exclusively on the basis of a prospectus approved by the Luxembourg Financial Market Authority (Commission de Surveillance du Secteur Financier - "CSSF") and submitted to the Federal Financial Supervisory Authority ("BaFin") and the Austrian Financial Market Authority ("FMA “). The approved / notified securities prospectus was published by PV-Invest GmbH in accordance with the legal requirements on the company's website at https://www.pv-invest.com/de/wertpapierprospekte/ and is available free of charge from PV-Invest GmbH, Lakeside B07, A-9020 Klagenfurt, Austria.