MADRID, 28 Feb. (EUROPA PRESS) –
Soltec obtained a net profit of 11.7 million euros in 2023, which represents a 14% drop compared to profits of 13.1 million euros in the previous year, the company reported.
Last year’s consolidated revenues reached 587.2 million euros, 3% more, with a consolidated gross operating result (Ebitda) of 56.5 million euros, 73% more, and an Ebitda margin of 9 .6%.
In the fourth quarter of the year, the group’s consolidated income reached 283.1 million euros with a consolidated Ebitda of 55.9 million and an Ebitda margin of 19.7%.
The company supplied 4.3 gigawatts (GW) of solar trackers in the year, and reached a ‘track record’ of 20 GW since it began its activity in 2004. The gross margin of the solar tracker business rose to 26% with an Ebitda margin of 8.5% in 2023.
By region, the United States stood out with 26% of the turnover, Europe -mainly Spain- with 35% of the same, and Latam with 39%.
Regarding the operational indicators of the tracker business, the ‘backlog’ (signed contracts pending execution) reached 470 million euros of contracts for the supply of solar trackers and other additional services. For its part, the ‘pipeline’ (unsigned contracts, with a certain probability of execution) amounted to 16.8 billion euros.
Regarding the energy development and generation business (energy division), Soltec has closed the year with a pipeline of 13 GW of projects in different degrees of progress, in seven countries: Spain, Italy, Romania, Brazil , Colombia, United States and Mexico.
Of the ‘pipeline’ under development, 1.4 GW of projects in different degrees of progress have been rotated in 2023, corresponding to projects in Colombia, Denmark, Spain and Italy, generating more than 9.5 million euros in year.
Likewise, the company expects the supply of solar trackers to be between 5 GW and 6 GW for the whole of 2024, with solid gross margins and Ebitda margins in the range of 6-7%. Additionally, during the year, the entity will carry out a strategic update of its two lines of activity.
