Photon Energy N.V.: Quarterly report for Q4 2014

Solar-storage project in Australia (Photon Energy)

Amsterdam (pta009/17.02.2015/10:00 UTC+1) Photon Energy published its quarterly report for 2014 Q4. In the fourth quarter Photon Energy connected its first solar-storage project, which delivers on-site energy for a radio broadcast tower in Australia. The Company recorded continuing growth in its Operations & Maintenance porftolio, which doubled its assets under management in 2014 to a total of 122.5 MWp.

During full-year 2014 Photon Energy's revenues fell by 15.2% YOY to EUR 11.76 million but the company managed to grow its EBITDA by 39% YOY to EUR 4.6 million and to reach profitability at the EBIT level, with a positive EUR 183,000 after an EBIT loss of EUR 1.524 million in 2013. The Group reduced its net loss by 18.9% YOY to EUR 4.051 million, however, its bottom-line was strongly impacted by a EUR 2.227 million (non-cash) loss on the revaluation of derivatives linked to the strong decline in market interest rates. Reflecting changes in the financing structure and the decrease in interest levels in combination with a more stable regulatory environment in the Czech Republic, the fair value calculation of the Group's portfolio led to an increase in its value by EUR 8.25 million. As a result consolidated total comprehensive income for 2014 reached EUR 4.05 million after a EUR 11.889 million loss in 2013.

The entire report can be downloaded on the company's website at http://www.photonenergy.com

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Emitter:	Photon Energy N.V. Barbara Strozzilaan 00201 1083 HN Amsterdam Netherlands
Contact Person:	Jan Krcmar
Phone:	+420 773032182
E-Mail:	jan.krcmar@photonenergy.com
Website:	www.photonenergy.com
ISIN(s):	DE000A1HELE2 (Bond) NL0010391108 (Share)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Hamburg, Hannover; Vienna Stock Exchange (Corporates Prime)
Other Stock Exchanges:	Warsaw NewConnect