Photon Energy N.V.

Q1 with increased revenue and EBITDA and 20 MWp new contracts

Business news for the stock market

Amsterdam (pta009/18.05.2015/09:30) - Photon Energy NV has published its report for Q1 2015, which saw nearly 20 MWp of new contracts for operations & maintenance of power plants in Central Europe, the construction of a new power plant in Australia and significantly improved revenues and EBIDTA.

In the first quarter Photon Energy new O&M contracts grew at an impressive pace and the Group is gradually marking a large footprint on this ground. As of the end of 2015 Q1, the full O&M service contractss amounted to approximately 80.7 MWp, up by 19.4 MWp from 2014 Q4. During the reporting period, Photon Energy Operations started two new contracts in the Czech Republic (2.7 MWp & 13.5 MWp) and one in Slovakia (3.2 MWp).

Financially, 2015 Q1 can be considered a success with an 18% YoY increase YoY in consolidated revenues to EUR 2.2 million. The company benefited from favourable weather conditions with minimum snowfall and high solar irradiation, resulting in energy production coming in at 16.5% above plan (down by 6% YoY) and still derived a large part of its revenue from the sale of 4.5 GWh of PV-generated electricity. At the same time, however, we are harvesting the plants fruits of our new strategy by increasing the share of other revenue streams, including O&M, Engineering and trading activities.

Thanks to higher revenues and significant cost savings, consolidated EBIT increased improved from a loss of EUR 0.471 million to a loss of EUR 0.261 million. Compared to last year the Company managed to decrease all cost categories (administrative costs, costs of sales and salaries). EBITDA increased from EUR 0.201 million in Q1 2014 to a profit of EUR 0.523 million in the reporting period.

Subsequently the bottom line, remained in red and a total comprehensive loss of EUR 1.726 million was booked compared to a loss of EUR 2.376 million in Q1 2014.

The full quarterly report can be downloaded at http://www.photonenergy.com along with monthly, annual and ad-hoc reports.



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emitter: Photon Energy N.V. address: Barbara Strozzilaan 00201, 1083 HN Amsterdam country: Netherlands contact person: Jan Krcmar phone: [phone] e-mail: [e-mail] website: www.photonenergy.com

ISIN(s): NL0010391108 (share) stock exchanges: open market (free market) in Frankfurt, free market in Hamburg, free market in Hannover; corporates prime in Vienna; open market in Berlin other stock exchanges: Warsaw NewConnect

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