Wednesday, September 28 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Sweden: SolTech targets increased turnover by 400% over next two years

    August 16, 2022 - M-Brain Nordic News


      Swedish solar energy company SolTech targets turnover growth by 400% in the next two years. The company has so far managed without raising major capital from traditional institutional investors and instead raised funds via preferential rights issues. Group CEO Stefan Ölander stated that the company's strategy is to create growth via acquisitions and that many of the customers of the acquired companies are often interested in solar energy. Over the past five years, SolTech's turnover has risen from about SEK 47mn (EUR 4.49mn USD 4.61mn) to about SEK 1bn, while EBIT stands at SEK 150mn. Ölander forecasts that the war in Ukraine has led to an increased interest in solar power installations, but that the Covid-19 pandemic has left supply issues in its wake. Ölander says that despite the war, high inflation and interest rates, SolTech will retain its goal to reach a turnover of SEK 4.7bn and a profit margin in the range of 8% to 10% by 2024. He adds that SolTech targets more acquisitions in Sweden in 2024 as well.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.