New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

hep global GmbH · ISIN: DE000A3H3JV5 · EQS - Company News (38 News)
Country: Germany · Primary market: Germany · EQS NID: 1476081
02 November 2022 09:00AM

hep publishes half-year financial report 2022


EQS-News: hep global GmbH / Key word(s): Half Year Report/Half Year Results
hep publishes half-year financial report 2022

02.11.2022 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


hep publishes half-year financial report 2022

Güglingen, 2 November 2022
– hep global GmbH, an international specialist for the development, realization and operational management of photovoltaic projects as well as investment manager for solar funds via subsidiaries, recorded sales of EUR 20 million and earnings before interest and taxes (EBIT) of around EUR -3 million in the first half of 2022. The first six months of 2022 were characterized by a low level of sales in the important US market, which was mainly due to the petition on possible circumvention tariffs on solar modules from Southeast Asia that started in March 2022. The investigation, which has been ongoing since April 2022, led to project delays and cancellations throughout the US solar market. For hep’s projects, this has also resulted in delays in the procurement of modules, the construction of solar parks, and the development of solar projects. hep has intensified activities in other markets during this phase, but has also continued to work actively on the US projects in order to be able to proceed again quickly once the legal situation has been clarified.

In June 2022, US President Joe Biden announced the suspension of possible circumvention tariffs until June 2024, which in turn accelerated the further expansion of the solar industry in the US. Thus, hep has already connected a project in the US with a nominal output of 21 MWp to the grid in the second half of 2022. The connection of the remaining so-called community solar projects from a total volume of 21 MWp is to follow this year.

Additional momentum has been given to the solar market in the US by the Inflation Reduction Act of 2022 (IRA) passed in August 2022, which represents one of the largest investments in US history . With its strong presence in the US market, hep sees itself in an optimal position to participate in this development and to successfully implement projects. Thus, from the first half of 2023, the construction phase for projects with a nominal output of approx. 540 MWp is to start.

For the fiscal year 2022, hep expects a sales growth to about EUR 90 to 100 million (previous year: EUR 65 million) and an EBIT of about EUR 0 to 5 million (previous year: EUR 7 million). The anticipated significant increase in sales and EBIT in the second half of 2022 is mainly due to the completion of solar parks in the US, which has already taken place and is still expected, as well as the realization of sales from project development.

The detailed half-year financial report 2022 is available for download on the company’s website www.hep.global in the section Company/Green bond/Reports & documents.

Press contact:
hep global GmbH
Römerstraße 3
D-74363 Güglingen
Phone: +49 7135 93446-613
E-mail: presse@hep.global
www.hep.global



02.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: hep global GmbH
Römerstraße 3
74363 Güglingen
Germany
Phone: +49 (0)7135 93446 - 0
E-mail: info@hep.global
Internet: www.hep.global
ISIN: DE000A3H3JV5
WKN: A3H3JV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1476081

 
End of News EQS News Service

1476081  02.11.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1476081&application_name=news&site_id=boersengefluester_html

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.