• Operating performance EUR 14 million
  • Operating profit EUR 2.8 million
  • Equity including subordinated capital EUR 5.6 million
  • Power plant portfolio as of the balance sheet date 30 MW
  • Admission to the Corporates Prime Segment on the Vienna Stock Exchange

Klagenfurt, September 6, 2019. The audited annual financial statements of the PV-Invest Group for the 2018 financial year have been published. The portfolio was further expanded and the growth trend continues.

In the 2018 financial year, the issuance of PV-Invest bonds further increased corporate activities. In addition to the increased activity in the EPC and contracting business by the subsidiary KPV Solar, the existing portfolio could also be expanded.

As of the balance sheet date December 31, 2018, the group balance sheet total was EUR 72.2 million. The operating performance of the PV-Invest Group grew by 27% compared to the previous year to EUR 13.9 million. The EBIT amounts to EUR 2.83 million and leads to an EBIT / operating performance ratio of 20.4%. Equity (including subordinated liabilities) decreased to EUR 5.6 million (previous year: EUR 6 million) due to currency devaluations caused by geopolitical tensions in the Gulf region. The power plant portfolio of the entire group included PV power plants with a total output of 30 MW in 9 countries at the end of the business year. This corresponds to an increase of 4 MW and an entry into a new market.

At the beginning of 2019, the first photovoltaic power plants were put into operation in Hungary. In Bosnia – in addition to the existing small hydropower plants – a first photovoltaic power plant was also implemented. Furthermore, the construction of a small hydropower plant in North Macedonia has started, which will go online in 2020. In Slovenia, the Komin photovoltaic power plant acquired shortly before the end of the year was largely destroyed in a fire in the factory building below. The PV system is fully insured. Therefore, no economic disadvantages are expected. In addition, the PV-Invest power plant bonds 2019-2026 and 2019-2029 were included in the Corporates Prime segment of the Vienna Stock Exchange.

About the company
PV-Invest operates in the renewable energy sector and, with its subsidiaries, produces electricity from photovoltaic and small hydropower plants. The company currently has existing properties with around 30 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, 2018 was EUR 72.2 million.

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.