The EBIT tumbled from €7.5m to €2.2m. The falls came despite an 18% increase in sales to €63.1m.

Solaria Energia says it has increased its workforce by 80%, and is currently working on 6 solar photovoltaic (PV) plants totaling 22 MW, which are expected to be commissioned in H2.

Outlook

For the full year, Madrid-based Solaria Energia maintains its forecast of sales of €200m and an EBITDA increase of 15.5%.