Report
SOLTEC : Accounting reclassification reflecting only timing issues in revenue recognition
>Revenue recognition criteria defer revenues to 2024 - Soltec has restated its financial accounts for 2023 following a change of criteria by the auditor regarding IFRS15 (Revenue from Contracts with Customers) on the recognition of revenues and expenses booked in 2023 associated with bill and hold agreements on 36 contracts for the supply of solar trackers. The modification implies a reduction in FY 2023 revenues of € 192m (33% of initially reported revenues) and € 14...
Underlying
Soltec Power Holdings
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Luis de Toledo Heras
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