PLT Energia SpA

PLT Energia SpA is an Italy-based holding company active in the renewable energy sector. Along with its subsidiaries, it is engaged in the development, build and management of wind, photovoltaic, biomass and cogeneration power plants, as well as production and sales of electric energy. It operates over 10 photovoltaic parks, over 10 wind parks and two biogas plants, producing over 220 Gigawatt Hours (GWh) of clean energy per year. Additionally, it also invests in the construction of new wind parks, photovoltaic systems and biomass plants. The Company operates as a head of PLT Energia Group, comprising around 20 subsidiaries. The Group includes: PLT Engineering Srl, which operates as its general contractor, responsible also for operation and maintenance; and a trading company Powerservice Srl, as well as companies engaged in power plant operation. It operates through FAS Srl and Easy Gas&Power Srl, among others.

Executive
Pierluigi Tortora
Full List of Officers

Pierluigi Tortora
Chairman of the Board, Chief Executive Officer
Start date: 2011-5-31

Stefano Marulli
Director General
Start date: 2014--

Eleonora Tortora
Non-Executive Director, Investor Relations Officer

Carlo Corradini
Independent Director

Gian Paolo Martini
Independent Director

Date of incorporation
Country of incorporation ITA
Phone +39 054 7317199
Fax +39 054 7415208
Investor relations contact

+39 0547 317199

Free float 23918500
Security description Common Stock
Main venue Italian SE (Mercato Continuo Italia)
Ticker at main venue PLTE
Location

Via Dismano, 1280
47522 CESENA

Share price
/
 
Earnings per share
=
11.27
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
4.97
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
23.04
Price
x
 
Shares
/
 
Own capital
=
2.09
Earnings per share
x
 
Shares
/
 
Own capital
=
0.19%
Dividend per share
/
 
Price
=
-0.07%
2017 2016 2015 2014 2013
Income statement
Revenue 27.64 8.85 11.95 9.61 9.28
Other Revenue, Total
Total Revenue 27.64 8.85 11.95 9.61 9.28
Revenue Change 212.3% -25.9% 24.3% 3.5% 2.5%
Cost of Revenue, Total -14.06 -19.18 -8.87 -2.74 -1.23
Gross Profit
Selling/General/Admin. Expenses, Total 39.46 26.79 14.07 8.15 7.60
EBITDA 35.02 13.17 12.84 9.12 8.52
EBITDA margin (%) 126.7% 148.8% 107.5% 94.9% 91.8%
Research & Development
Depreciation/Amortization 18.21 7.24 6.58 5.60 4.70
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) 0.03 0.13 0.00 0.66 0.03
Other Operating Expenses, Total -32.81 -12.05 -6.09 -5.59 -5.65
Total Operating Expense 10.84 2.92 5.69 6.08 5.46
Operating Income 16.80 5.93 6.25 3.53 3.82
EBIT margin (%) 60.8% 67% 52.4% 36.7% 41.2%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets 0.36 -0.03
Other, Net 0.72 -1.57 -1.27 -1.29 -0.43
Net Income Before Taxes 7.71 10.00 3.64 1.87 2.55
Provision for Income Taxes 1.89 1.77 -1.32 -0.42 0.62
Net Income After Taxes 5.82 8.23 4.96 2.30 1.93
Minority Interest 0.22 0.52 -0.90 -0.31 -0.27
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 6.05 8.76 4.06 1.99 1.66
Total Extraordinary Items
Net Income 6.05 8.76 4.06 1.99 1.66
Total Adjustments to Net Income 0.00
Income Available to Com Excl ExtraOrd 6.05 8.76 4.06 1.99 1.66
Income Available to Com Incl ExtraOrd 6.05 8.76 4.06 1.99 1.66
Dilution Adjustment
Diluted Net Income 6.05 8.76 4.06 1.99 1.66
Diluted Weighted Average Shares 23.92 23.92 23.92 23.92 2.00
Diluted EPS Excluding ExtraOrd Items 0.25 0.37 0.17 0.08 0.83
DPS - Common Stock Primary Issue 0.11 0.10 0.00 0.00
Diluted Normalized EPS 0.27 0.38 0.17 0.09 0.85
Balance sheet
Cash 14.52 8.79 3.20 5.12 3.34
Cash & Equivalents 0.01 0.03 0.05 0.05 0.03
Short Term Investments 2.45 2.74 3.33 3.86 0.50
Cash and Short Term Investments 16.98 11.56 6.57 9.03 3.87
Accounts Receivable - Trade, Net 27.33 13.13 14.74 8.14 6.50
Total Receivables, Net 44.03 28.31 26.91 21.68 23.20
Total Inventory 2.63 3.36 1.82 1.78 1.64
Prepaid Expenses 2.88 2.73 2.78 2.24 1.27
Other Current Assets, Total 11.81 7.63 5.25 1.82 4.75
Total Current Assets 78.33 53.59 43.35 36.55 34.73
Property/Plant/Equipment, Total - Gross
Accumulated Depreciation, Total
Property/Plant/Equipment, Total - Net 274.87 176.74 100.98 80.34 66.16
Goodwill, Net 3.16 3.34 3.62 3.90 4.23
Intangibles, Net 17.39 19.63 24.74 14.39 13.63
Long Term Investments 3.61 3.68 13.90 14.18 10.83
Note Receivable - Long Term 0.14 0.20 0.15 0.10 0.98
Other Long Term Assets, Total 0.00 0.00
Total Assets 377.49 257.17 186.74 149.46 130.56
Accounts Payable 24.86 31.58 8.88 9.72 9.08
Payable/Accrued
Accrued Expenses 4.71 5.90 6.20 4.10 3.90
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases 57.34 29.26 28.08 19.88 14.22
Other Current liabilities, Total 50.54 27.56 24.95 15.56 21.30
Total Current Liabilities 137.46 94.30 68.12 49.26 48.49
Long Term Debt 186.18 119.80 81.33 70.41 64.33
Capital Lease Obligations
Total Long Term Debt 186.18 119.80 81.33 70.41 64.33
Total Debt 243.52 149.07 109.41 90.29 78.55
Deferred Income Tax
Minority Interest -0.27 0.33 1.12 1.49 0.61
Other Liabilities, Total 12.02 8.62 8.02 0.59 0.48
Total Liabilities 335.39 223.06 158.58 121.75 113.91
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 2.39 2.39 2.39 2.39 2.00
Additional Paid-In Capital 10.19 10.19 10.19 10.19
Retained Earnings (Accumulated Deficit) 29.51 21.53 15.57 15.13 14.65
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total 0.00 0.00 0.00
Total Equity 42.10 34.11 28.15 27.71 16.65
Total Liabilities & Shareholders Equity 377.49 257.17 186.74 149.46 130.56
Total Common Shares Outstanding 23.92 23.92 23.92 23.92 2.00
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 0.90 0.47 -0.01 0.39 -0.61
Cashflow
Net Income/Starting Line 5.82 8.23 4.96 2.30 1.93
Depreciation/Depletion 18.21 7.24 6.58 5.60 4.70
Amortization
Deferred Taxes -0.29 -0.88 -0.00
Non-Cash Items 12.08 -2.10 1.41 1.96 0.72
Changes in Working Capital -9.31 -1.42 7.82 -3.83 -6.03
Cash from Operating Activities 26.81 11.95 20.48 5.14 1.32
Capital Expenditure -107.32 -61.26 -38.47 -24.31 -15.42
Other Investing Cash Flow Items, Total 0.53 22.06 3.46 3.83 1.86
Cash from Investing Activities -106.78 -39.21 -35.02 -20.48 -13.56
Financing Cash Flow Items -2.77 -0.69 -1.42 -1.30 -4.86
Total Cash Dividends Paid -0.49 -3.37 -0.30 -2.08 -1.25
Issuance (Retirement) of Stock, Net 10.58 0.00
Issuance (Retirement) of Debt, Net 88.95 36.89 14.34 9.94 16.83
Cash from Financing Activities 85.69 32.82 12.62 17.14 10.72
Foreign Exchange Effects
Net Change in Cash 5.71 5.57 -1.92 1.79 -1.53
Cash Interest Paid
Cash Taxes Paid 0.40 1.13 0.63 0.71 0.55
Values are in EUR and expressed in million