Hellolight announced this Friday his decision to withdraw the forecasts from your 2023-2025 business plancommunicated a month ago, by various “external factors” like energy prices in the market spot and the interest rate environment.
In a statement sent to BME Growththe electrical marketing company run by Charlotte Pi explained that these factors “affect the company’s ability to make accurate forecasts and, therefore, provide meaningful forecasts to the market.”
Holaluz estimated at the end of October that it would conclude 2024 with a normalized EBITDA between 19 and 24 million euros and for 2025 it expected it to be between 27 and 32 million. In terms of billing, the solar business should contribute between 42 and 48 million this year and between 80 and 85 million next year, while the energy management business would generate between 224 and 234 million this year and between 228 and 238 million the one who comes
The company has now assured that it will keep “investors and the market fully informed about its evolution.” In addition, it commits to publishing metrics “that allow measuring progress in its strategy and maintaining total transparency.”
Although when asked by this media he has not clarified when he will present his new guidelances. Hellolight closed the first half of the year with losses of 13.5 million euros, 35% less than a year beforewhen it accumulated losses of 20.9 million.
Debt reorganization
In principle, the company closed the company at the beginning of November. open crisis due to lack of liquidity with the entry of Icosium in its capital. In parallel, continue Negotiating with the bank the reorganization of your debtwhich amounts to almost 60 million euros. The maximum date to reach an agreement is next December 18
At the end of last year, Holaluz announced a employment regulation file (ERE) to lay off about 200 people due to the weakening of self-consumption, a situation that also affected other firms in the sector such as Solar profit. Last October, the marketing company broke with its shareholders Axon Partners and Geroa Pentsioak by agreement. In this way, he ruled out going to trial against both funds for refusing to endorse the 2023 accounts.
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