Holaluz approves 2022 financial year accounts at the General Shareholders’ Meeting

Barcelona, 9 June 2023. Holaluz, the energy transition company whose purpose is to create a 100% sustainable planet, has approved today at the Ordinary and Extraordinary General Shareholders’ Meeting its individual annual accounts, the consolidated annual accounts, and the individual management report for the year that ended on December 31, 2022.

The green technology company presented its financial results on April 26th registering an acceleration of the solar business multiplying its revenues x6 to €30.7m (3,400 new installations) and growing well above the market rate which, in 2022, grew at a rate of x4.

In energy management (commercialization of electricity, gas, distributed generation customers and centralised and distributed generation plants), the company recorded unprecedented good results in 2022, reaching a normalised EBITDA of € 27.6 M (+ € 26 M) while revenues increased by 57% to a total of € 468.4 M.

These good results show the energy management division’s high performance, which allowed Holaluz to bootstrap the solar business in 2022 as well as prepare for its scalability by setting the break-even point at around 1,000 installations per month.