MPC Energy Solutions – Presentation of Q3 2024 results

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MPC Energy Solutions expects to release its Q3 2024 results on 31. October 2024. Later the same day at 10.00, the company’s interim CEO Stefan Meichsner will present the results and answer questions from the audience.

In H1 2024, MPC Energy Solutions grew revenue by 52% and doubled project EBITDA to USD 3.9m. Besides having all five projects fully operational in the portfolio, cost savings and efficiency measures lifted the earnings, countering a small decline in electricity prices. The company reiterated its full-year 2024 expectations of a significant increase in energy output, revenues, operating profits, and cash flows. In 2024, MPC Energy Solutions predicts revenue to surpass USD 12 million, project-level EBITDA of USD 8.5 million, and generate positive operating profits on a corporate level. In connection with the H1 2024 report, they further set out soft targets for 2024 and beyond. Based on the existing portfolio and 51% of the San Patricio project, which is currently being built and fully financed, they expect revenue to almost double and Project EBITDA to triple from 2023 levels. The progress in the build process on the San Patricio project could therefore draw extra attention.

MPC Energy Solutions (MPCES) develops, builds, owns, and operates renewable energy assets, including utility-scale solar photovoltaics (PV) and onshore wind farms, as well as combined-heat-and-power (CHP) installations, energy efficiency solutions, and hybrid projects, combining renewable sources and storage technologies. The projects are primarily situated in the Latin American and the Caribbean region.

Disclaimer: HC Andersen Capital receives payment from MPC Energy Solutions for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 10.02, 1 October 2024.