)

Soltec Power (SOL) investor relations material
Soltec Power Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenues grew 28% year-over-year to €236.5M–€237M in H1 2024, driven by higher tracker sales and project execution.
Net loss widened to €126M in H1 2024, mainly due to asset impairments, construction losses, and non-cash adjustments.
Strategic shift to focus on core tracker business, discontinuing construction/EPC and asset management activities.
New management team, including CEO and CFO, appointed in mid-2024 to drive transformation.
Transformation plan underway with 45+ actions targeting operational efficiency, profitability, and cash generation.
Financial highlights
Consolidated revenues: €236.5M–€237M (H1 2024), up 28% YoY.
Adjusted EBITDA improved to -€6M to -€6.3M from -€10M to -€10.2M in H1 2023.
Net loss: €125.9M–€126M, including €38M deferred tax asset write-downs and €62.8M energy segment losses.
Cash and cash equivalents: €25.9M–€26M at period end.
Net financial debt: €227.5M as of June 30, 2024.
Outlook and guidance
Focus on tracker supply as core business, with project development and O&M as supporting activities.
Discontinuation of construction/EPC and asset management to reduce debt and enhance value creation.
Transformation plan targets cost optimization, margin improvement, and cash generation.
International expansion prioritized, especially in the US, EMEA, and Latin America.
Business plan to be presented in coming months.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage