Photon Energy Group - Reports Record 2Q Results and Raises Its 2022 Financial Guidance

• In the second quarter of 2022 the Company more than doubled its revenue to EUR 23.229 million (up 135.7% YoY) leading to a record consolidated Q2 EBITDA of EUR 8.119 million (up 108.3% YoY).
• In the first half of 2022, revenues rose to EUR 32.367 million (up 124.4%), while EBITDA grew by an outstanding 146.2% to EUR 10.143 million. The Group reports positive pre-tax and after-tax profit in both Q2 and H1 2022.
• Driven by the great momentum in direct electricity sales into the market, the Company has raised its full-year 2022 guidance with revenue expectations of EUR 85 million from the previously communicated EUR 65 million (up 133.8% YoY) and an EBITDA of EUR 24 million from the previous EUR 18 million (up 150.4% YoY).

Full press release