Report
Luis de Toledo Heras

SOLTEC : New corporate structure to fine-tune project development strategy

>Operating results in line, higher financial costs weigh on net profit - Soltec’s operating results came in slightly above our estimates at the operating level (higher EBITDA margin at the Trackers division: 8.5% in 2023 and up to 16.4% in Q4 2023) on strong industrial activity levels (2.6 GW supplied in Q4 vs 1.7 GW in 9M 2023: 4.3 GW in 2023, +23% vs our 3.5 GW estimate) but significantly below our estimates at the net level on higher financial costs (average cost o...
Underlying
Soltec Power Holdings

Provider
Oddo BHF
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.

Analysts
Luis de Toledo Heras

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