Eltech Anemos SA (ATH:ANEMOS), a Greek company operating 234 MW of wind farms, saw its net profit fall to EUR 3.3 million (USD 3.7m) in the first quarter of 2017 from EUR 4.8 million a year ago.
Earnings have been hit by lower wind power output and the sale of a subsidiary, Eltech Anemos, which is part of Greek construction group Ellaktor (ATH:ELLAKTOR), said last week.
At the end of March the company had 240.85 MW of installed capacity, including its wind farms, a 4.95-MW hydropower plant (HPP) and a 2-MWp photovoltaic (PV) system. Details on its performance are available in the table.
Figures in EUR million
Consolidated net profit
- attributable to the parent company
Consolidated net profit per share (in euros)
Consolidated net debt
Eltech Anemos has wind projects in progress with a total installed capacity of 145 MW and 639 MW at various stages of the licensing process.