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Last C$0.33 CAD
Change Today 0.00 / 0.00%
Volume 0.0
ETX On Other Exchanges
Symbol
Exchange
OTC US
Stockholm
Stuttgart
As of 4:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

etrion corp (ETX) Snapshot

Open
C$0.32
Previous Close
C$0.33
Day High
C$0.33
Day Low
C$0.32
52 Week High
09/3/14 - C$0.65
52 Week Low
08/24/15 - C$0.21
Market Cap
108.6M
Average Volume 10 Days
9.1K
EPS TTM
C$-0.04
Shares Outstanding
334.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ETRION CORP (ETX)

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etrion corp (ETX) Details

Etrion Corporation, an independent power producer, acquires, develops, builds, owns, and operates solar power plants in Italy. As of December 31, 2014, the company owned 17 solar power plants with an installed capacity of approximately 60 megawatts. It has a strategic partnership with Hitachi High-Technologies Corporation for the development, financing, construction, ownership, and operation of utility-scale solar power plants in Japan. The company was formerly known as PetroFalcon Corporation and changed its name to Etrion Corporation in September 2009. Etrion Corporation was incorporated in 1993 and is headquartered in Geneva, Switzerland.

36 Employees
Last Reported Date: 03/18/15
Founded in 1993

etrion corp (ETX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $464.4K
Interim Chief Financial Officer and Director
Total Annual Compensation: $354.2K
Chief Financial Officer (Leave of Absence)
Total Annual Compensation: $288.6K
Compensation as of Fiscal Year 2014.

etrion corp (ETX) Key Developments

Etrion Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015

Etrion Corporation reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $17.1 million against $17.8 million last year. Operating profit was $3.4 million against $8.9 million last year. Loss before income tax was $8.6 million against income before income tax of $0.8 million last year. Loss attributable to owners of the company was $9.2 million or $0.028 per basic and diluted share against $1.4 million or $0.005 per basic and diluted share last year. Total cash flow used in operating activities was $2.5 million against total cash flow from operating activities of $15.2 million last year. Purchases of property, plant and equipment was $14.2 million against $21.8 million last year. Purchases of intangible assets were $0.4 million against $1.8 million last year. EBITDA was $9.2 million against $14.2 million last year. Adjusted operating cash flow was $11.8 million against $13.8 million last year. Adjusted EBITDA was $11.7 million against $14.2 million last year. Adjusted net loss was $1.4 million against adjusted net income of $5.2 million last year. Revenue and project-level EBITDA decreased 4% and 11%, respectively, compared to the same period in 2014, mainly as a result of the 8% FiT reduction in Italy, and the 22.8% decrease of the average Euro/USD exchange rate, partially offset by the incremental electricity production from Project Salvador in Chile and 6.7 MW of the 9.3 MW Mito project in Japan. However, project-level EBITDA was positively impacted by management's continued efforts to reduce operating cost and streamline the operations in Italy. Negative consolidated net results, primarily attributable to lower electricity prices, exchange rates and the impairment of $2.5 million in capitalized development costs in Chile. For the six months, revenues were $27.4 million against $26.1 million last year. Operating profit was $3.4 million against $7.4 million last year. Loss before income tax was $11.3 million against loss before income tax of $9.8 million last year. Loss attributable to owners of the company was $10.8 million or $0.032 per basic and diluted share against $9.6 million or $0.031 per basic and diluted share last year. Total cash flow used in operating activities was $10.6 million against total cash flow from operating activities of $0.8 million last year. Purchases of property, plant and equipment was $24.1 million against $23.9 million last year. Purchases of intangible assets were $0.7 million against $3.3 million last year. EBITDA was $14.7 million against $18.0 million last year. The net results in the second half of 2015 were adversely impacted by lower electricity prices, exchange rates and the impairment of capitalized development costs in Chile. Adjusted EBITDA was $17.2 million against $18.8 million last year. Adjusted net income was $2.0 million against $4.3 million last year. Adjusted operating cash flow was $17.4 million against $17.5 million last year. Net debt on a cash basis was $439.1 million against $413.9 million at December 31, 2014. Net debt increased mainly due to foreign exchange differences, partially offset by a decrease of $26.3 million in the group's cash and cash equivalents due to operational and investing activities and new debt acquired by the Japanese projects. For the quarter, electricity production was 72,501 MWh against 35,407 MWh last year. The group produced 105% more electricity compared to the same period in 2014, due primarily to better solar irradiation in Italy, the addition of Project Salvador in Chile and 6.7 MW of the 9.3 MW Mito project in Japan. For the six months, electricity production was 131,028 MWh against 51,865 MWh last year. The group produced 153% more electricity compared to the same period of 2014, due primarily to better solar irradiation in Italy, the addition of Project Salvador and 6.7 MW of the 9.3 MW Mito project. Project Salvador and the first three solar park sites of the Mito project became fully operational on January 10, 2015 and during the second quarter of 2015, respectively. During the first half of 2015, the group's revenue and EBITDA increased 5% and 0%, respectively, compared to the same period in 2014, mainly as a result of the incremental electricity production added from Project Salvador in Chile and 6.7 MW of the 9.3 MW Mito project. However, the group's increase in revenue and project-level EBITDA due to higher production was partially impacted by the 8% FiT reduction in Italy, and the 22.8% decrease in the Euro/USD exchange rate.

Etrion Corporation, Q2 2015 Earnings Call, Aug 12, 2015

Etrion Corporation, Q2 2015 Earnings Call, Aug 12, 2015

Etrion Corporation(OM:ETX) added to OMX Nordic All-Share Index

Etrion Corporation has been added to OMX Nordic All-Share Index.

 

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