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Holaluz reduces revenue by 26% in the fourth quarter due to the drop in electricity

Date: February 7, 2023 Time: 21:07:03

Holaluz has seen its year-on-year revenues reduce by 26% year-on-year in the fourth quarter of 2022, to 168.3 million euros. As explained in a statement to BME Growth this Wednesday -and reported by Europa Press-, the main causes of such a notable decline is the drop in the price of energy and the cessation of the gas business.

The company has explained that lower energy prices generate lower income in the representation business and in energy marketing sales for those clients with an indexed product. In ‘energy management’, the reduction was 31% year-on-year, from 225.2 million to 156.2 million; while in solar installations it went from 0.9 million in the fourth quarter of 2021 to 12.1 million in the same period of 2022.

On the other hand, it has increased the number of solar installations it manages by 53% quarter-on-quarter in the last quarter of 2022, reaching 1,268, it explained in a statement on Wednesday. This increase has been accompanied by a growth in the workforce, which has reached 402 employees, especially in the sales and installation teams.

Increase the number of ‘prosumers’

In addition, the total sales of solar surplus contracts amounted to 3,715 in the fourth quarter of 2022 alone, 20% more than in the previous quarter. With regard to the number of ‘prosumers’, clients with surplus solar installations are managed by Holaluz, at the end of the previous year it amounted to a total of 11,384 compared to 9,176 at the end of September, which represents a growth of one 24% compared to the previous quarter.

The number of electricity and gas contracts reached 297,666 at the end of 2022, due to the termination of the gas commercialization business, and excluding the exit from the gas business, the number of contracts has remained stable.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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