Holaluz grows 42% in new customers

• Holaluz grows 42% in new customers to 212,862 green energy customers. In the area of self-consumption, it has multiplied its number of clients by 10, going from 47 to 498 installations.
• The company closed its fiscal year with a 39% increase in consolidated sales, reaching 208.81 million euros in revenue. EBITDA grew to 2.61 million euros, which is a +100% increase over the previous year.
• The green energy technology company, which has been listed on the MAB since last November, has contributed to saving 417,281 tons of CO2 equivalent by not producing any plastic bags in 13 years.

Barcelona, 28 January 2020. - Holaluz, the green energy technology company, which has been listed on the MAB since last November, added 63,000 new clients during its last fiscal year (closed on 30 September 2019), an annual increase of 42%. With this increase, the electricity company’s total customer portfolio at the end of the fiscal year amounted to 212,862 customers, a figure that reaffirms Holaluz as a fast-growing company.

In the area of self-consumption, it has multiplied by 10 its number of clients, going from 47 installations in October 2018 (date on which the Royal Decree-Law that repealed the so-called sun tax was published), to 498 installations at the end of September. During this period the company invested more than 1 million euros in equipping itself with the infrastructure and technological resources to meet immediate market demand. The growth in new clients has allowed the company founded by Carlota Pi, Oriol Vila and Ferran Nogué, to improve financial income to 208.81 million euros, with an increase of 39% compared to the 152.11 million at the end of fiscal year 2018.

EBITDA (earnings before interest, taxes, depreciation and amortization) increased to 2.61 million euros, which is 100% higher than the previous year (1.26 million euros).

Co-founder and CEO Carlota Pi, says: “We’re truly satisfied of the results of the fiscal year 2019. It has been a good year in terms of customer acquisition despite having devoted much effort to the process of going to market. After entry into the capital of Geroa, at the end of July, we significantly increased investments in marketing campaigns that are giving good results.”

For Holaluz, a company is a fundamental instrument to change the world and in this sense, beyond the financial results, the technologist proud of the impact it generates: “This year 2019 we have sold 1,128,538,000 kWh, which has contributed to avoiding the emission of 451,414 tons of CO2, equivalent to the closure of a polluting energy plant for 142 days*, or what is the same as stopping the production of plastic bags for almost 13 years.”**

• Calculations made by Holaluz based on European Comission Climate Action data.

** An average person in Spain uses 180 plastic bags a year, the manufacture of which emits 4 grams of CO2 per bag.