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01.07.2024 10:30:38 - dpa-AFX: EQS-News: hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT increases to EUR 3.1 million (english)
hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT
increases to EUR 3.1 million
EQS-News: hep global GmbH / Key word(s): Annual Results
hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT
increases to EUR 3.1 million
01.07.2024 / 10:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT
increases to EUR 3.1 million
Güglingen, 1 July 2024 - hep global GmbH, the Baden-Württemberg-based
specialist for solar parks and solar investments, can look back on an
overall satisfactory fiscal year 2023. The growth trend of recent years in
the Group's total operating performance continued with an increase from EUR
67.9 million to EUR 91.0 million.
At EUR 73.3 million, Group revenue was below the previous year's figure of
EUR 94.8 million, but well above the forecast range of EUR 50 to 60 million.
The lower revenue, which had already been forecasted, is due to the fact
that, as expected, no solar parks under construction were completed in 2023.
Accordingly, the progress made on construction projects had a positive
offsetting effect on changes in inventories of EUR 16.9 million for solar
parks under construction. These will be recognized in revenue in 2024.
In the Services segment, hep generated revenues of EUR 66.3 million (2022:
EUR 86.5 million). Revenue from project development services was generated
in particular from the sale of projects in Japan and Canada to German fund
companies and from the sale of projects in the USA. The sale of the largest
project in Canada alone generated revenue of EUR 42.2 million.
In the Investments segment, new business developed positively as three
further special AIFs were launched. In 2023, limited partner capital of EUR
16.3 million was raised for these "Article 9 funds" in accordance with the
EU sustainability taxonomy. In the Investments segment's existing business,
EUR 35.4 million was raised for the public AIF HEP - Solar Green Energy
Impact Fund 1 (SGEIF 1), among others.
The earnings situation of the hep global Group was satisfactory in the
fiscal year 2023 in view of the general market environment with persistently
high inflation and the correspondingly high interest rate level in the core
markets. Group earnings before interest and taxes (EBIT) rose from EUR 2.1
million to EUR 3.1 million and were therefore within the forecast range of
EUR 0 to 5 million. Group net profit for the year increased significantly
from EUR 0.4 million to EUR 1.7 million.
Forecast for the fiscal year 2024
For the fiscal year 2024, the management is forecasting Group revenue of
between EUR 70 million and EUR 75 million. The revenue trend will be based
on the completion of construction projects in the USA, among other things.
Group earnings before interest and taxes (EBIT) are expected to be within a
range of EUR 0 to 5 million.
hep will continuously expand its business in the European market and its
project pipeline in 2024. To this end, a cooperation agreement already
concluded in 2023, which gives hep exclusive access to over 10,000 spaces in
central Germany, is to be supplemented by further comparable agreements.
Additional contributions are expected from development agreements that were
already concluded in the first half of 2024 and provide for development and
construction exclusively for individual investors, who will assume the
financing. In all markets hep will focus on securing further solar projects.
This plan is to be supported and accelerated by the 8% Green Bond 2023/2028
(WKN: A35148, ISIN: DE000A351488), which is currently being placed.
hep solar
hep solar is a specialist for solar investments and solar parks. The
owner-managed family business from Baden-Württemberg develops, builds,
operates and finances solar parks all over the world, but especially in
Germany, Japan and North America. For over 15 years, hep solar has been
combining know-how in the operational management of solar parks with a high
level of expertise in the financial sector. The company covers the entire
solar energy value chain: from project development and construction to
long-term operation. Through international solar investments, hep solar
offers investors the opportunity to participate in the global expansion of
solar energy. hep solar employs around 200 people worldwide with offices in
Germany, Japan, the USA and Canada.
Press contact:
Evelyn Kilinc
Römerstraße 3
D-74363 Güglingen
Phone: +49 7135 93446-759
Email: presse@hep.global
www.hep.global
Investor contact:
Thomas Tschirf
Römerstraße 3
D-74363 Güglingen
Phone: +49 7135 93446-0
Email: greenbond@hep.global
www.hep.global
Financial press contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
Haidelweg 48
D-81241 Munich
Phone: +49 89 8896906-25
Email: linh.chung@linkmarketservices.eu
www.linkmarketservices.eu
---------------------------------------------------------------------------
01.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1936175 01.07.2024 CET/CEST
increases to EUR 3.1 million
EQS-News: hep global GmbH / Key word(s): Annual Results
hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT
increases to EUR 3.1 million
01.07.2024 / 10:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
hep global GmbH: Group revenue 2023 reaches EUR 73.3 million and Group EBIT
increases to EUR 3.1 million
Güglingen, 1 July 2024 - hep global GmbH, the Baden-Württemberg-based
specialist for solar parks and solar investments, can look back on an
overall satisfactory fiscal year 2023. The growth trend of recent years in
the Group's total operating performance continued with an increase from EUR
67.9 million to EUR 91.0 million.
At EUR 73.3 million, Group revenue was below the previous year's figure of
EUR 94.8 million, but well above the forecast range of EUR 50 to 60 million.
The lower revenue, which had already been forecasted, is due to the fact
that, as expected, no solar parks under construction were completed in 2023.
Accordingly, the progress made on construction projects had a positive
offsetting effect on changes in inventories of EUR 16.9 million for solar
parks under construction. These will be recognized in revenue in 2024.
In the Services segment, hep generated revenues of EUR 66.3 million (2022:
EUR 86.5 million). Revenue from project development services was generated
in particular from the sale of projects in Japan and Canada to German fund
companies and from the sale of projects in the USA. The sale of the largest
project in Canada alone generated revenue of EUR 42.2 million.
In the Investments segment, new business developed positively as three
further special AIFs were launched. In 2023, limited partner capital of EUR
16.3 million was raised for these "Article 9 funds" in accordance with the
EU sustainability taxonomy. In the Investments segment's existing business,
EUR 35.4 million was raised for the public AIF HEP - Solar Green Energy
Impact Fund 1 (SGEIF 1), among others.
The earnings situation of the hep global Group was satisfactory in the
fiscal year 2023 in view of the general market environment with persistently
high inflation and the correspondingly high interest rate level in the core
markets. Group earnings before interest and taxes (EBIT) rose from EUR 2.1
million to EUR 3.1 million and were therefore within the forecast range of
EUR 0 to 5 million. Group net profit for the year increased significantly
from EUR 0.4 million to EUR 1.7 million.
Forecast for the fiscal year 2024
For the fiscal year 2024, the management is forecasting Group revenue of
between EUR 70 million and EUR 75 million. The revenue trend will be based
on the completion of construction projects in the USA, among other things.
Group earnings before interest and taxes (EBIT) are expected to be within a
range of EUR 0 to 5 million.
hep will continuously expand its business in the European market and its
project pipeline in 2024. To this end, a cooperation agreement already
concluded in 2023, which gives hep exclusive access to over 10,000 spaces in
central Germany, is to be supplemented by further comparable agreements.
Additional contributions are expected from development agreements that were
already concluded in the first half of 2024 and provide for development and
construction exclusively for individual investors, who will assume the
financing. In all markets hep will focus on securing further solar projects.
This plan is to be supported and accelerated by the 8% Green Bond 2023/2028
(WKN: A35148, ISIN: DE000A351488), which is currently being placed.
hep solar
hep solar is a specialist for solar investments and solar parks. The
owner-managed family business from Baden-Württemberg develops, builds,
operates and finances solar parks all over the world, but especially in
Germany, Japan and North America. For over 15 years, hep solar has been
combining know-how in the operational management of solar parks with a high
level of expertise in the financial sector. The company covers the entire
solar energy value chain: from project development and construction to
long-term operation. Through international solar investments, hep solar
offers investors the opportunity to participate in the global expansion of
solar energy. hep solar employs around 200 people worldwide with offices in
Germany, Japan, the USA and Canada.
Press contact:
Evelyn Kilinc
Römerstraße 3
D-74363 Güglingen
Phone: +49 7135 93446-759
Email: presse@hep.global
www.hep.global
Investor contact:
Thomas Tschirf
Römerstraße 3
D-74363 Güglingen
Phone: +49 7135 93446-0
Email: greenbond@hep.global
www.hep.global
Financial press contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
Haidelweg 48
D-81241 Munich
Phone: +49 89 8896906-25
Email: linh.chung@linkmarketservices.eu
www.linkmarketservices.eu
---------------------------------------------------------------------------
01.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: hep global GmbH
Römerstraße 3
74363 Güglingen
Germany
Phone: +49 (0)7135 93446 - 0
E-mail: info@hep.global
Internet: www.hep.global
ISIN: DE000A3H3JV5, DE000A351488
WKN: A3H3JV, A35148
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt, Hamburg, Hanover, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 1936175
End of News EQS News Service
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1936175 01.07.2024 CET/CEST
