Spanish energy provider Holaluz swings to profit in H1 2022

• Spanish sustainable power and also gas supplier Holaluz Clidom SA (BME: HLZ) earned a net profit of EUR 5.51 million (USD 5.4 m) for the January via June period of 2022, compared to a EUR-3.74-million loss in the year-ago period, as revenues ballooned on increasing energy prices as well as new contracts for solar.

Consolidated revenues for the 6 month period completed EUR 562.6 million, up by 201% year-on-year. Cost of goods offered surged as well, by 205% on the year to EUR 514.7 million. The result was a gross profit of EUR 50.7 million, which grew by 180% year-on-year, the economic results show.

Reported EBITDA amounted to EUR 10.2 million, up from a negative EUR 2.3 million in the first semester of 2021.

The Energy Management segment, which is what Holaluz calls its power and also the now defunct gas retail company and also solar dispersed generation management, was behind EUR 552.5 countless the complete revenue amount. This segment boosted sales by 200% on the year thanks to more quantities marketed and also greater energy prices.

The variety of solar prosumers doing business with Holaluz has been increasing progressively for many years, from 6,410 at the end of 2021 to 7,737 at the end of June. By the end of September, the firm had agreements with 9,176 prosumers, it stated.

Revenues from the solar installation offering rose by 320% to EUR 10.1 million.