Edisun Power Europe AG: Weather and Market Prices Impact Half-Year Results

Edisun Power Europe AG's half-year results reflect challenges from unfavorable weather and declining electricity prices. Solar power production decreased by 9% to 80,499 MWh due to poor weather conditions. Revenues fell 15.3% to CHF 7.81 million, and EBITDA dropped to CHF 5.27 million, resulting in a margin of 67.5%, below the 70% target.

The company reported a net loss of CHF 1.25 million. However, new bonds worth CHF 28.6 million have been subscribed, providing capital for future projects. A promising outlook is noted due to higher electricity production in July and August.

Regional performance varied, with Portugal's solar plants seeing a 10% drop in production, and significant revenue decreases observed in Spain and Germany. Conversely, slight revenue growth was noted in the French market due to operational improvements.