European Energy swings to Q1 loss
- Admin
- May 31, 2024
- 1 min read
European Energy has reported a loss for the first three months of 2024. The decrease in EBITDA primarily stems from a lower gross profit from the sale of energy parks and projects. Additionally, lower power prices and increased direct costs associated with power production also contributed to the decline. The board maintains its financial outlook for 2024 with a projected EBITDA of €230m or a growth of approximately 30%.
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