Holaluz increases revenue by 51.9 percent and doubles gross margin to 18.1 million euros, as The Rooftop Revolution grows in strength

• The company’s gross margin reached 18.1 million euros, doubling the figure for the last 6-month period audited (9.9 million euros as of March 31, 2020). Normalised EBITDA stands at -0.7 million euros due to the strong investment in the Rooftop Revolution (without this investment, EBITDA would follow the upward trend of recent years).
• The Rooftop Revolution has been consolidated, reaching 6,295 managed facilities as of September 30, 2021. Up to the same period, Holaluz has reached 378,202 clients and has a representation portfolio of more than 1,630 MW. In the third quarter of 2021 – despite it being a summer period, in which historical maximum prices were successively set in the wholesale electricity market – the company has grown by more than 27,000 net customers.
• Holaluz reiterates its objectives that by the end of 2023 it will have one million customers, 50,000 photovoltaic managed installations, and 1,000 MW in representation (in terms of representation, the objective is currently more than 60 percent complete).

*fiscal year from September 30 2019 to September 30 2020.

Barcelona, Oct ober 29, 2021.- Holaluz, a green energy technology company listed on BME Growth since November 2019, closed on June 30, 2020 with consolidated sales of 186.8 million euros. The last results of a six-month audited period (up to March 31, 2020) were 122.9 million euros. The present figures, led by a strong rise in the representation portfolio, represent a revenue increase of 51.9 percent.

The company’s gross margin reached 18.1 million euros, doubling the figure for the last 6-month period audited (9.9 million euros as of March 31, 2020). Normalised EBITDA stands at -0.7 million euros due to the strong investment in the Rooftop Revolution (without this investment EBITDA would follow the upward trend of recent years).

The current wholesale electricity market price context has offered an opportunity to acquire a number of trading companies. These purchases offer a unique opportunity for Holaluz to accelerate its consolidation plan at attractive prices. In order to obtain the financial agility necessary to carry out these acquisitions, Holaluz signed on October 1, 2021 a subordinated financing operation necessarily convertible into Holaluz shares for an amount of 11,368,106.96 euros. This operation matures on December 31, 2021 at a conversion price of 13.81 euros per share. The operation will be approved by majority at the next Extraordinary Shareholders’ Meeting on November 9.

As of September 30, 2021, Holaluz has reached 378,2020 customers, a figure that reaffirms the firm as a fast-growing company, despite the summer period in which historical maximum prices were successively set in the wholesale electricity market. Also, the Rooftop Revolution has been consolidated, reaching 6,295 managed facilities. Launched in June 2020, the Rooftop Revolution aims to transform the maximum number of underused rooftops into green energy, furthering Holaluz’s goal of a 100 percent renewable world powered by green energy.

Carlota Pi, Holaluz co-founder and CEO, has been satisfied with the results and the growth and evolution of the green energy technology company, achieved despite a context marked by record high prices in the wholesale electricity market.