MPC Energy Solutions – Presentation of H1 2024 results

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MPC Energy Solutions expects to release its H1 2024 results on 31 July 2024. Later the same day at 11.00, the company’s interim CEO Stefan Meichsner will present the results and answer questions from the audience.

In Q1 2024, MPC Energy Solutions grew revenue and project EBITDA by 51% and 128%, respectively. Besides having all five projects fully operational in the portfolio, cost savings and efficiency measures lifted the earnings. The company reiterated its full-year 2024 expectations of a significant increase in energy output, revenues, operating profits, and cash flows. In 2024, MPC Energy Solutions predicts revenue to surpass USD 12 million, project-level EBITDA of USD 8.5 million, and to generate positive operating profits on a corporate level. The assumptions are based on a +40% increase in output and a small rise in energy prices.

MPC Energy Solutions (MPCES) develops, builds, owns, and operates renewable energy assets, including utility-scale solar photovoltaics (PV) and onshore wind farms, as well as combined-heat-and-power (CHP) installations, energy efficiency solutions, and hybrid projects, combining renewable sources and storage technologies. The projects are primarily situated in the Latin American and the Caribbean region.

Disclaimer: HC Andersen Capital receives payment from MPC Energy Solutions for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 09.04 18 June 2024.